Frank Ocean vs Tether

Tether (USDT) is 24857338.6× the size of Frank Ocean (FRANK) by market capitalisation. Over the past 30 days, USDT is ahead by 26.1 percentage points (FRANK -26.1% against USDT -0.0%). Their daily returns move barely together (correlation 0.05 across 24 shared trading days). FRANK has been the more volatile of the two, at 51% annualised against USDT's 1%.

Correlation: 0.05
Size ratio: 1 : 24857338.6
Ahead over 30 days: USDT

Frank OceanFRANK

$7.460e-6

24h: -1.88%
Market cap: $7,172
Volume 24h: $2
Volatility (ann.): 51%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

FRANKUSDT

7 days-13.62%+0.03%USDT
30 days-26.09%-0.04%USDT

Correlation

0.05over 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	FRANK	USDT
Max drawdown (400d)	-27.9%	-0.2%
Risk-adjusted return (90d)	-0.51	0.03

Relative strength over 90 days: USDT outperformed FRANK by 15.8% — measured on the FRANK/USDT ratio, so it holds regardless of market direction.

Frank Ocean →Tether →