Tether (USDT) is 3612.6× the size of GEKKO (GEKKO) by market capitalisation. Over the past 30 days, GEKKO is ahead by 37.7 percentage points (GEKKO +37.7% against USDT +0.0%). Their daily returns move barely together (correlation 0.21 across 27 shared trading days). GEKKO has been the more volatile of the two, at 275% annualised against USDT's 0%.
| Period | GEKKO | USDT | Ahead |
|---|---|---|---|
| 7 days | +1.20% | -0.01% | GEKKO |
| 30 days | +37.70% | +0.05% | GEKKO |
| Metric | GEKKO | USDT |
|---|---|---|
| Max drawdown (400d) | -42.0% | -0.0% |
| Risk-adjusted return (90d) | 0.14 | 0.19 |
Relative strength over 90 days: GEKKO outperformed USDT by 39.3% — measured on the GEKKO/USDT ratio, so it holds regardless of market direction.
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.