Tether (USDT) is 5643099.5× the size of Fullsend Community Coin (FULLSEND) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 33 shared trading days). FULLSEND has been the more volatile of the two, at 91% annualised against USDT's 1%.
FULLSENDUSDT
0.46over 33 shared trading days
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.
| Metric | FULLSEND | USDT |
|---|---|---|
| Max drawdown (400d) | -38.8% | -0.2% |
| Risk-adjusted return (90d) | 0.24 | -0.05 |
Relative strength over 90 days: FULLSEND outperformed USDT by 22.4% — measured on the FULLSEND/USDT ratio, so it holds regardless of market direction.