Hawksight vs Tether

Tether (USDT) is 39869209.3× the size of Hawksight (HAWK) by market capitalisation. Over the past 30 days, USDT is ahead by 2.2 percentage points (HAWK -2.3% against USDT -0.1%). Their daily returns move barely together (correlation 0.07 across 24 shared trading days). HAWK has been the more volatile of the two, at 63% annualised against USDT's 1%.

Correlation: 0.07
Size ratio: 1 : 39869209.3
Ahead over 30 days: USDT

HawksightHAWK

$3.010e-6

24h: —
Market cap: $4,454
Volume 24h: —
Volatility (ann.): 63%

TetherUSDT

$0.998990

24h: -0.03%
Market cap: $177.57B
Volume 24h: $68.16B
Volatility (ann.): 1%

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

Performance

HAWKUSDT

7 days-0.63%+0.07%USDT
30 days-2.28%-0.09%USDT

Correlation

0.07over 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	HAWK	USDT
Max drawdown (400d)	-10.9%	-0.2%
Risk-adjusted return (90d)	0.15	-0.05

Relative strength over 90 days: USDT outperformed HAWK by 3.4% — measured on the HAWK/USDT ratio, so it holds regardless of market direction.

Hawksight →Tether →