Game 5 BALL vs Tether

Tether (USDT) is 1759060.0× the size of Game 5 BALL (BALL) by market capitalisation. Over the past 30 days, USDT is ahead by 41.4 percentage points (BALL -41.5% against USDT -0.0%). Their daily returns move loosely together (correlation 0.55 across 26 shared trading days). BALL has been the more volatile of the two, at 109% annualised against USDT's 1%.

Correlation: 0.55
Size ratio: 1 : 1759060.0
Ahead over 30 days: USDT

Game 5 BALLBALL

$0.000171

24h: +3.73%
Market cap: $101,346
Volume 24h: $137
Volatility (ann.): 109%

TetherUSDT

$0.999439

24h: +0.04%
Market cap: $178.27B
Volume 24h: $57.39B
Volatility (ann.): 1%

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

Performance

BALLUSDT

7 days-36.52%+0.03%USDT
30 days-41.47%-0.04%USDT

Correlation

0.55over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5590d: 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	BALL	USDT
Max drawdown (400d)	-51.1%	-0.2%
Risk-adjusted return (90d)	-0.30	0.03

Relative strength over 90 days: USDT outperformed BALL by 32.5% — measured on the BALL/USDT ratio, so it holds regardless of market direction.

Game 5 BALL →Tether →