Tether (USDT) is 1612.8× the size of Geodnet (GEOD) by market capitalisation. Over the past 30 days, GEOD is ahead by 10.0 percentage points (GEOD +10.1% against USDT +0.0%). Their daily returns move barely together (correlation 0.09 across 29 shared trading days). GEOD has been the more volatile of the two, at 68% annualised against USDT's 0%.
| Period | GEOD | USDT | Ahead |
|---|---|---|---|
| 7 days | +5.61% | -0.01% | GEOD |
| 30 days | +10.09% | +0.05% | GEOD |
| Metric | GEOD | USDT |
|---|---|---|
| Max drawdown (400d) | -16.3% | -0.0% |
| Risk-adjusted return (90d) | 0.15 | 0.19 |
Relative strength over 90 days: GEOD outperformed USDT by 0.8% — measured on the GEOD/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.