HERMES vs Tether

Tether (USDT) is 6233069.1× the size of HERMES (HERMES) by market capitalisation. Over the past 30 days, USDT is ahead by 33.0 percentage points (HERMES -33.0% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 24 shared trading days). HERMES has been the more volatile of the two, at 67% annualised against USDT's 1%.

Correlation: -0.02
Size ratio: 1 : 6233069.1
Ahead over 30 days: USDT

HERMESHERMES

$0.001481

24h: +7.63%
Market cap: $28,480
Volume 24h: $97
Volatility (ann.): 67%

TetherUSDT

$0.998974

24h: -0.04%
Market cap: $177.52B
Volume 24h: $66.46B
Volatility (ann.): 1%

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

Performance

HERMESUSDT

7 days-3.60%+0.03%USDT
30 days-33.05%-0.04%USDT

Correlation

-0.02over 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	HERMES	USDT
Max drawdown (400d)	-37.4%	-0.2%
Risk-adjusted return (90d)	-0.50	0.03

Relative strength over 90 days: USDT outperformed HERMES by 10.6% — measured on the HERMES/USDT ratio, so it holds regardless of market direction.

HERMES →Tether →