Federated States of Gapla vs Tether

Tether (USDT) is 16208969.8× the size of Federated States of Gapla (GAPLA) by market capitalisation. Over the past 30 days, USDT is ahead by 27.4 percentage points (GAPLA -27.5% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.03 across 24 shared trading days). GAPLA has been the more volatile of the two, at 236% annualised against USDT's 1%.

Correlation: -0.03
Size ratio: 1 : 16208969.8
Ahead over 30 days: USDT

Federated States of GaplaGAPLA

$1.097e-5

24h: -3.52%
Market cap: $10,955
Volume 24h: $82
Volatility (ann.): 236%

TetherUSDT

$0.999015

24h: -0.04%
Market cap: $177.57B
Volume 24h: $69.78B
Volatility (ann.): 1%

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

Performance

GAPLAUSDT

7 days-0.51%+0.07%USDT
30 days-27.48%-0.09%USDT

Correlation

-0.03over 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	GAPLA	USDT
Max drawdown (400d)	-37.4%	-0.2%
Risk-adjusted return (90d)	-0.05	-0.05

Relative strength over 90 days: USDT outperformed GAPLA by 3.8% — measured on the GAPLA/USDT ratio, so it holds regardless of market direction.

Federated States of Gapla →Tether →