Feed The People vs Tether

Tether (USDT) is 7099933.9× the size of Feed The People (FTP) by market capitalisation. Over the past 30 days, USDT is ahead by 43.4 percentage points (FTP -43.5% against USDT -0.1%). Their daily returns move barely together (correlation 0.02 across 25 shared trading days). FTP has been the more volatile of the two, at 68% annualised against USDT's 1%.

Correlation: 0.02
Size ratio: 1 : 7099933.9
Ahead over 30 days: USDT

Feed The PeopleFTP

$2.501e-5

24h: —
Market cap: $25,009
Volume 24h: $27
Volatility (ann.): 68%

TetherUSDT

$0.998962

24h: -0.01%
Market cap: $177.56B
Volume 24h: $53.09B
Volatility (ann.): 1%

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

Performance

FTPUSDT

7 days-9.52%+0.07%USDT
30 days-43.50%-0.09%USDT

Correlation

0.02over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	FTP	USDT
Max drawdown (400d)	-46.6%	-0.2%
Risk-adjusted return (90d)	-0.67	-0.05

Relative strength over 90 days: USDT outperformed FTP by 33.4% — measured on the FTP/USDT ratio, so it holds regardless of market direction.

Feed The People →Tether →