GoChain vs Tether

Tether (USDT) is 147815.7× the size of GoChain (GO) by market capitalisation. Over the past 30 days, GO is ahead by 24.0 percentage points (GO +24.0% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.15 across 26 shared trading days). GO has been the more volatile of the two, at 829% annualised against USDT's 1%.

Correlation: -0.15
Size ratio: 1 : 147815.7
Ahead over 30 days: GO

GoChainGO

$0.000884

24h: +18.35%
Market cap: $1.21M
Volume 24h: $83
Volatility (ann.): 829%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

GOUSDT

7 days-8.80%+0.03%USDT
30 days+23.96%-0.08%GO

Correlation

-0.15over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	GO	USDT
Max drawdown (400d)	-74.0%	-0.2%
Risk-adjusted return (90d)	-0.02	-0.03

Relative strength over 90 days: USDT outperformed GO by 13.8% — measured on the GO/USDT ratio, so it holds regardless of market direction.

GoChain →Tether →