embercurve vs Tether

Tether (USDT) is 118550.1× the size of embercurve (EMBER) by market capitalisation. Over the past 30 days, USDT is ahead by 66.6 percentage points (EMBER -66.7% against USDT -0.1%). Their daily returns move barely together (correlation 0.08 across 23 shared trading days). EMBER has been the more volatile of the two, at 260% annualised against USDT's 1%.

Correlation: 0.08
Size ratio: 1 : 118550.1
Ahead over 30 days: USDT

embercurveEMBER

$0.001534

24h: -8.40%
Market cap: $1.50M
Volume 24h: $1.12M
Volatility (ann.): 260%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

EMBERUSDT

7 days-7.99%+0.03%USDT
30 days-66.67%-0.08%USDT

Correlation

0.08over 23 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	EMBER	USDT
Max drawdown (400d)	-77.4%	-0.2%
Risk-adjusted return (90d)	-0.29	-0.03

Relative strength over 90 days: USDT outperformed EMBER by 64.1% — measured on the EMBER/USDT ratio, so it holds regardless of market direction.

embercurve →Tether →