Tether (USDT) is 1263.2× the size of GoMining Token (GOMINING) by market capitalisation. Over the past 30 days, GOMINING is ahead by 22.6 percentage points (GOMINING +22.6% against USDT +0.0%). Their daily returns move barely together (correlation 0.17 across 30 shared trading days). GOMINING has been the more volatile of the two, at 38% annualised against USDT's 0%.
| Period | GOMINING | USDT | Ahead |
|---|---|---|---|
| 7 days | -0.57% | -0.01% | USDT |
| 30 days | +22.64% | +0.05% | GOMINING |
| Metric | GOMINING | USDT |
|---|---|---|
| Max drawdown (400d) | -4.7% | -0.0% |
| Risk-adjusted return (90d) | 0.59 | 0.19 |
Relative strength over 90 days: GOMINING outperformed USDT by 22.2% — measured on the GOMINING/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.