Fuse vs Tether

Tether (USDT) is 926966.6× the size of Fuse (FUSE) by market capitalisation. Over the past 30 days, USDT is ahead by 89.8 percentage points (FUSE -89.9% against USDT -0.1%). Their daily returns move barely together (correlation 0.07 across 23 shared trading days). FUSE has been the more volatile of the two, at 374% annualised against USDT's 1%.

Correlation: 0.07
Size ratio: 1 : 926966.6
Ahead over 30 days: USDT

FuseFUSE

$0.000201

24h: +5.79%
Market cap: $192,307
Volume 24h: $2,413
Volatility (ann.): 374%

TetherUSDT

$0.999398

24h: +0.04%
Market cap: $178.26B
Volume 24h: $64.34B
Volatility (ann.): 1%

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

Performance

FUSEUSDT

7 days+7.01%+0.03%FUSE
30 days-89.88%-0.08%USDT

Correlation

0.07over 23 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	FUSE	USDT
Max drawdown (400d)	-94.4%	-0.2%
Risk-adjusted return (90d)	-0.25	-0.03

Relative strength over 90 days: USDT outperformed FUSE by 57.9% — measured on the FUSE/USDT ratio, so it holds regardless of market direction.

Fuse →Tether →