ElevateFi vs Tether

Tether (USDT) is 8848.7× the size of ElevateFi (EFI) by market capitalisation. Over the past 30 days, USDT is ahead by 54.5 percentage points (EFI -54.6% against USDT -0.1%). Their daily returns move loosely together (correlation 0.41 across 32 shared trading days). EFI has been the more volatile of the two, at 312% annualised against USDT's 1%.

Correlation: 0.41
Size ratio: 1 : 8848.7
Ahead over 30 days: USDT

ElevateFiEFI

$26.9000

24h: +692.09%
Market cap: $20.15M
Volume 24h: $476,601
Volatility (ann.): 312%

TetherUSDT

$0.999392

24h: +0.03%
Market cap: $178.27B
Volume 24h: $64.53B
Volatility (ann.): 1%

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

Performance

EFIUSDT

7 days+4.29%+0.03%EFI
30 days-54.61%-0.08%USDT

Correlation

0.41over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	EFI	USDT
Max drawdown (400d)	-80.7%	-0.2%
Risk-adjusted return (90d)	-0.20	-0.03

Relative strength over 90 days: USDT outperformed EFI by 63.1% — measured on the EFI/USDT ratio, so it holds regardless of market direction.

ElevateFi →Tether →