eSui Dollar vs Tether

Tether (USDT) is 14421.2× the size of eSui Dollar (SUIUSDE) by market capitalisation. Over the past 30 days, SUIUSDE is ahead by 0.1 percentage points (SUIUSDE +0.0% against USDT -0.1%). Their daily returns move barely together (correlation 0.11 across 31 shared trading days). SUIUSDE has been the more volatile of the two, at 1% annualised against USDT's 1%.

Correlation: 0.11
Size ratio: 1 : 14421.2
Ahead over 30 days: SUIUSDE

eSui DollarSUIUSDE

$0.998785

24h: -0.02%
Market cap: $12.36M
Volume 24h: $8,767
Volatility (ann.): 1%

TetherUSDT

$0.999382

24h: +0.02%
Market cap: $178.26B
Volume 24h: $63.95B
Volatility (ann.): 1%

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

Performance

SUIUSDEUSDT

7 days+0.02%+0.03%USDT
30 days+0.00%-0.08%SUIUSDE

Correlation

0.11over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	SUIUSDE	USDT
Max drawdown (400d)	-0.2%	-0.2%
Risk-adjusted return (90d)	0.01	-0.03

Relative strength over 90 days: SUIUSDE outperformed USDT by 0.1% — measured on the SUIUSDE/USDT ratio, so it holds regardless of market direction.

eSui Dollar →Tether →