Galaxia vs Tether

Tether (USDT) is 285620.7× the size of Galaxia (GXA) by market capitalisation. Over the past 30 days, GXA is ahead by 56.4 percentage points (GXA +56.4% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.16 across 21 shared trading days). GXA has been the more volatile of the two, at 110% annualised against USDT's 1%.

Correlation: -0.16
Size ratio: 1 : 285620.7
Ahead over 30 days: GXA

GalaxiaGXA

$0.000175

24h: +0.68%
Market cap: $623,894
Volume 24h: $30,075
Volatility (ann.): 110%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

GXAUSDT

7 days+0.39%+0.03%GXA
30 days+56.35%-0.08%GXA

Correlation

-0.16over 21 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	GXA	USDT
Max drawdown (400d)	-12.5%	-0.2%
Risk-adjusted return (90d)	0.51	-0.03

Relative strength over 90 days: GXA outperformed USDT by 56.2% — measured on the GXA/USDT ratio, so it holds regardless of market direction.

Galaxia →Tether →