FarmTown vs Tether

Tether (USDT) is 24413115.9× the size of FarmTown (FARM) by market capitalisation. Over the past 30 days, USDT is ahead by 17.6 percentage points (FARM -17.7% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.05 across 22 shared trading days). FARM has been the more volatile of the two, at 70% annualised against USDT's 1%.

Correlation: -0.05
Size ratio: 1 : 24413115.9
Ahead over 30 days: USDT

FarmTownFARM

$7.410e-6

24h: +11.76%
Market cap: $7,303
Volume 24h: $210
Volatility (ann.): 70%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

FARMUSDT

7 days-1.60%+0.03%USDT
30 days-17.65%-0.04%USDT

Correlation

-0.05over 22 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	FARM	USDT
Max drawdown (400d)	-28.5%	-0.2%
Risk-adjusted return (90d)	-0.22	0.03

Relative strength over 90 days: USDT outperformed FARM by 9.1% — measured on the FARM/USDT ratio, so it holds regardless of market direction.

FarmTown →Tether →