HoodLock vs Tether

Tether (USDT) is 742180.2× the size of HoodLock (LOCK) by market capitalisation. Over the past 30 days, USDT is ahead by 51.0 percentage points (LOCK -51.1% against USDT -0.1%). Their daily returns move barely together (correlation 0.15 across 28 shared trading days). LOCK has been the more volatile of the two, at 1622% annualised against USDT's 1%.

Correlation: 0.15
Size ratio: 1 : 742180.2
Ahead over 30 days: USDT

HoodLockLOCK

$0.000240

24h: +5.83%
Market cap: $240,060
Volume 24h: $8,028
Volatility (ann.): 1622%

TetherUSDT

$0.998845

24h: +0.01%
Market cap: $178.17B
Volume 24h: $49.77B
Volatility (ann.): 1%

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

Performance

LOCKUSDT

7 days+36.58%+0.03%LOCK
30 days-51.11%-0.08%USDT

Correlation

0.15over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	LOCK	USDT
Max drawdown (400d)	-86.4%	-0.2%
Risk-adjusted return (90d)	0.02	-0.03

Relative strength over 90 days: LOCK outperformed USDT by 26.0% — measured on the LOCK/USDT ratio, so it holds regardless of market direction.

HoodLock →Tether →