elchef vs Tether

Tether (USDT) is 5240819.5× the size of elchef (ELCHEF) by market capitalisation. Over the past 30 days, USDT is ahead by 41.8 percentage points (ELCHEF -41.9% against USDT -0.0%). Their daily returns move barely together (correlation 0.27 across 24 shared trading days). ELCHEF has been the more volatile of the two, at 84% annualised against USDT's 1%.

Correlation: 0.27
Size ratio: 1 : 5240819.5
Ahead over 30 days: USDT

elchefELCHEF

$3.617e-5

24h: +7.74%
Market cap: $33,874
Volume 24h: $3,025
Volatility (ann.): 84%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

ELCHEF 0.0%Share of the two combined market caps100.0% USDT

Performance

ELCHEFUSDT

7 days-6.16%+0.03%USDT
30 days-41.87%-0.04%USDT

Correlation

0.27over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	ELCHEF	USDT
Max drawdown (400d)	-44.8%	-0.2%
Risk-adjusted return (90d)	-0.37	0.03

Relative strength over 90 days: USDT outperformed ELCHEF by 33.1% — measured on the ELCHEF/USDT ratio, so it holds regardless of market direction.

elchef →Tether →