FIAS vs Tether

Tether (USDT) is 3269012.6× the size of FIAS (FIAS) by market capitalisation. Over the past 30 days, USDT is ahead by 96.4 percentage points (FIAS -96.5% against USDT -0.1%). Their daily returns move barely together (correlation 0.32 across 20 shared trading days). FIAS has been the more volatile of the two, at 378% annualised against USDT's 1%.

Correlation: 0.32
Size ratio: 1 : 3269012.6
Ahead over 30 days: USDT

FIASFIAS

$0.000415

24h: —
Market cap: $54,533
Volume 24h: —
Volatility (ann.): 378%

TetherUSDT

$0.999387

24h: +0.03%
Market cap: $178.27B
Volume 24h: $62.40B
Volatility (ann.): 1%

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

Performance

FIASUSDT

7 days-96.26%+0.03%USDT
30 days-96.50%-0.08%USDT

Correlation

0.32over 20 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	FIAS	USDT
Max drawdown (400d)	-96.7%	-0.2%
Risk-adjusted return (90d)	-0.26	-0.03

Relative strength over 90 days: USDT outperformed FIAS by 13.2% — measured on the FIAS/USDT ratio, so it holds regardless of market direction.

FIAS →Tether →