@gork vs Tether

Tether (USDT) is 153537.7× the size of @gork (GORK) by market capitalisation. Over the past 30 days, USDT is ahead by 38.0 percentage points (GORK -38.1% against USDT -0.1%). Their daily returns move barely together (correlation 0.08 across 28 shared trading days). GORK has been the more volatile of the two, at 137% annualised against USDT's 1%.

Correlation: 0.08
Size ratio: 1 : 153537.7
Ahead over 30 days: USDT

@gorkGORK

$0.001161

24h: -0.83%
Market cap: $1.16M
Volume 24h: $25,109
Volatility (ann.): 137%

TetherUSDT

$0.999031

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.20B
Volatility (ann.): 1%

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

Performance

GORKUSDT

7 days-18.06%+0.03%USDT
30 days-38.10%-0.08%USDT

Correlation

0.08over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	GORK	USDT
Max drawdown (400d)	-43.2%	-0.2%
Risk-adjusted return (90d)	-0.26	-0.03

Relative strength over 90 days: USDT outperformed GORK by 34.8% — measured on the GORK/USDT ratio, so it holds regardless of market direction.

@gork →Tether →