FastX Network Token vs Tether

Tether (USDT) is 4276.7× the size of FastX Network Token (FXNW) by market capitalisation. Over the past 30 days, USDT is ahead by 15.1 percentage points (FXNW -15.1% against USDT +0.0%). Their daily returns move barely together (correlation 0.24 across 22 shared trading days). FXNW has been the more volatile of the two, at 56% annualised against USDT's 1%.

Correlation: 0.24
Size ratio: 1 : 4276.7
Ahead over 30 days: USDT

FastX Network TokenFXNW

$0.315320

24h: -0.37%
Market cap: $40.99M
Volume 24h: $159,900
Volatility (ann.): 56%

TetherUSDT

$0.999498

24h: +0.03%
Market cap: $175.31B
Volume 24h: $77.11B
Volatility (ann.): 1%

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

Performance

FXNWUSDT

7 days-4.08%+0.06%USDT
30 days-15.10%+0.05%USDT

Correlation

0.24over 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	FXNW	USDT
Max drawdown (400d)	-15.1%	-0.4%
Risk-adjusted return (90d)	-0.27	0.03

Relative strength over 90 days: USDT outperformed FXNW by 9.7% — measured on the FXNW/USDT ratio, so it holds regardless of market direction.

FastX Network Token →Tether →