HoodSale vs Tether

Tether (USDT) is 2068635.1× the size of HoodSale (HOODS) by market capitalisation. Over the past 30 days, USDT is ahead by 15.5 percentage points (HOODS -15.5% against USDT -0.0%). Their daily returns move loosely together (correlation 0.37 across 25 shared trading days). HOODS has been the more volatile of the two, at 50% annualised against USDT's 1%.

Correlation: 0.37
Size ratio: 1 : 2068635.1
Ahead over 30 days: USDT

HoodSaleHOODS

$0.000858

24h: +7.69%
Market cap: $85,844
Volume 24h: $60
Volatility (ann.): 50%

TetherUSDT

$0.999324

24h: +0.01%
Market cap: $177.58B
Volume 24h: $57.97B
Volatility (ann.): 1%

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

Performance

HOODSUSDT

7 days+3.01%+0.03%HOODS
30 days-15.50%-0.04%USDT

Correlation

0.37over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	HOODS	USDT
Max drawdown (400d)	-25.4%	-0.2%
Risk-adjusted return (90d)	-0.38	0.03

Relative strength over 90 days: USDT outperformed HOODS by 19.2% — measured on the HOODS/USDT ratio, so it holds regardless of market direction.

HoodSale →Tether →