Faze vs Tether

Tether (USDT) is 126777.1× the size of Faze (FAZE) by market capitalisation. Over the past 30 days, USDT is ahead by 18.4 percentage points (FAZE -18.4% against USDT -0.0%). Their daily returns move barely together (correlation 0.20 across 24 shared trading days). FAZE has been the more volatile of the two, at 321% annualised against USDT's 1%.

Correlation: 0.20
Size ratio: 1 : 126777.1
Ahead over 30 days: USDT

FazeFAZE

$0.001406

24h: +12.95%
Market cap: $1.41M
Volume 24h: $928,005
Volatility (ann.): 321%

TetherUSDT

$0.999411

24h: +0.05%
Market cap: $178.27B
Volume 24h: $63.38B
Volatility (ann.): 1%

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

Performance

FAZEUSDT

7 days-11.10%+0.03%USDT
30 days-18.43%-0.04%USDT

Correlation

0.20over 24 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	FAZE	USDT
Max drawdown (400d)	-58.8%	-0.2%
Risk-adjusted return (90d)	-0.16	0.03

Relative strength over 90 days: USDT outperformed FAZE by 16.6% — measured on the FAZE/USDT ratio, so it holds regardless of market direction.

Faze →Tether →