Gold Park vs Tether

Tether (USDT) is 5907.4× the size of Gold Park (GPT) by market capitalisation. Over the past 30 days, GPT is ahead by 69.3 percentage points (GPT +69.2% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.34 across 32 shared trading days). GPT has been the more volatile of the two, at 244% annualised against USDT's 1%.

Correlation: -0.34
Size ratio: 1 : 5907.4
Ahead over 30 days: GPT

Gold ParkGPT

$0.008018

24h: +0.00%
Market cap: $30.17M
Volume 24h: —
Volatility (ann.): 244%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

GPTUSDT

7 days+0.00%+0.03%USDT
30 days+69.23%-0.08%GPT

Correlation

-0.34over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3490d: 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	GPT	USDT
Max drawdown (400d)	-40.3%	-0.2%
Risk-adjusted return (90d)	0.01	-0.03

Relative strength over 90 days: GPT outperformed USDT by 1.7% — measured on the GPT/USDT ratio, so it holds regardless of market direction.

Gold Park →Tether →