Gems VIP vs Tether

Tether (USDT) is 164051.6× the size of Gems VIP (GEMS) by market capitalisation. Over the past 30 days, USDT is ahead by 55.6 percentage points (GEMS -55.7% against USDT -0.1%). Their daily returns move loosely together (correlation 0.44 across 30 shared trading days). GEMS has been the more volatile of the two, at 180% annualised against USDT's 1%.

Correlation: 0.44
Size ratio: 1 : 164051.6
Ahead over 30 days: USDT

Gems VIPGEMS

$0.001687

24h: +0.20%
Market cap: $1.09M
Volume 24h: $79,319
Volatility (ann.): 180%

TetherUSDT

$0.999003

24h: +0.03%
Market cap: $178.19B
Volume 24h: $48.44B
Volatility (ann.): 1%

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

Performance

GEMSUSDT

7 days-4.73%+0.03%USDT
30 days-55.67%-0.08%USDT

Correlation

0.44over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	GEMS	USDT
Max drawdown (400d)	-69.8%	-0.2%
Risk-adjusted return (90d)	-0.38	-0.03

Relative strength over 90 days: USDT outperformed GEMS by 69.0% — measured on the GEMS/USDT ratio, so it holds regardless of market direction.

Gems VIP →Tether →