FAYA vs Tether

Tether (USDT) is 180523.8× the size of FAYA (FAYA) by market capitalisation. Over the past 30 days, USDT is ahead by 64.3 percentage points (FAYA -64.4% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.22 across 28 shared trading days). FAYA has been the more volatile of the two, at 1446% annualised against USDT's 1%.

Correlation: -0.22
Size ratio: 1 : 180523.8
Ahead over 30 days: USDT

FAYAFAYA

$9.237e-8

24h: +0.12%
Market cap: $987,184
Volume 24h: $13,460
Volatility (ann.): 1446%

TetherUSDT

$0.999060

24h: +0.04%
Market cap: $178.21B
Volume 24h: $54.74B
Volatility (ann.): 1%

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

Performance

FAYAUSDT

7 days-5.79%+0.03%USDT
30 days-64.38%-0.08%USDT

Correlation

-0.22over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	FAYA	USDT
Max drawdown (400d)	-82.3%	-0.2%
Risk-adjusted return (90d)	-0.04	-0.03

Relative strength over 90 days: USDT outperformed FAYA by 64.3% — measured on the FAYA/USDT ratio, so it holds regardless of market direction.

FAYA →Tether →