GROOVE vs Tether

GROOVE (GROOVE) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 69.0 percentage points (GROOVE -69.1% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.29 across 24 shared trading days). GROOVE has been the more volatile of the two, at 256% annualised against USDT's 1%.

Correlation: -0.29
Ahead over 30 days: USDT

GROOVEGROOVE

$6.643e-5

24h: -23.05%
Market cap: —
Volume 24h: $1,673
Volatility (ann.): 256%

TetherUSDT

$0.999386

24h: +0.04%
Market cap: $178.26B
Volume 24h: $63.78B
Volatility (ann.): 1%

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

Performance

GROOVEUSDT

7 days-14.10%+0.03%USDT
30 days-69.05%-0.04%USDT

Correlation

-0.29over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	GROOVE	USDT
Max drawdown (400d)	-75.7%	-0.2%
Risk-adjusted return (90d)	-0.21	0.03

Relative strength over 90 days: USDT outperformed GROOVE by 64.2% — measured on the GROOVE/USDT ratio, so it holds regardless of market direction.

GROOVE →Tether →