ICM.RUN vs Tether

Tether (USDT) is 1665392.9× the size of ICM.RUN (ICM) by market capitalisation. Over the past 30 days, USDT is ahead by 27.4 percentage points (ICM -27.5% against USDT -0.0%). Their daily returns move barely together (correlation 0.06 across 24 shared trading days). ICM has been the more volatile of the two, at 122% annualised against USDT's 1%.

Correlation: 0.06
Size ratio: 1 : 1665392.9
Ahead over 30 days: USDT

ICM.RUNICM

$0.000107

24h: +4.76%
Market cap: $106,643
Volume 24h: $227
Volatility (ann.): 122%

TetherUSDT

$0.999471

24h: +0.04%
Market cap: $177.60B
Volume 24h: $55.08B
Volatility (ann.): 1%

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

Performance

ICMUSDT

7 days-3.56%+0.03%USDT
30 days-27.47%-0.04%USDT

Correlation

0.06over 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	ICM	USDT
Max drawdown (400d)	-44.6%	-0.2%
Risk-adjusted return (90d)	-0.28	0.03

Relative strength over 90 days: USDT outperformed ICM by 12.7% — measured on the ICM/USDT ratio, so it holds regardless of market direction.

ICM.RUN →Tether →