Gemini Dollar vs Tether

Tether (USDT) is 5050.1× the size of Gemini Dollar (GUSD) by market capitalisation. Over the past 30 days, USDT is ahead by 0.0 percentage points (GUSD -0.1% against USDT -0.1%). Their daily returns move loosely together (correlation 0.50 across 48 shared trading days). GUSD has been the more volatile of the two, at 1% annualised against USDT's 1%.

Correlation: 0.50
Size ratio: 1 : 5050.1
Ahead over 30 days: USDT

Gemini DollarGUSD

$0.999074

24h: +0.03%
Market cap: $35.30M
Volume 24h: $301,350
Volatility (ann.): 1%

TetherUSDT

$0.999392

24h: +0.03%
Market cap: $178.27B
Volume 24h: $64.53B
Volatility (ann.): 1%

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

Performance

GUSDUSDT

7 days+0.02%+0.03%USDT
30 days-0.08%-0.08%USDT

Correlation

0.50over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 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	GUSD	USDT
Max drawdown (400d)	-0.3%	-0.2%
Risk-adjusted return (90d)	-0.11	-0.03

Relative strength over 90 days: USDT outperformed GUSD by 0.0% — measured on the GUSD/USDT ratio, so it holds regardless of market direction.

Gemini Dollar →Tether →