Impossible Finance Launchpad vs Tether

Tether (USDT) is 52299.0× the size of Impossible Finance Launchpad (IDIA) by market capitalisation. Over the past 30 days, USDT is ahead by 28.4 percentage points (IDIA -28.4% against USDT -0.1%). Their daily returns move loosely together (correlation 0.49 across 28 shared trading days). IDIA has been the more volatile of the two, at 106% annualised against USDT's 1%.

Correlation: 0.49
Size ratio: 1 : 52299.0
Ahead over 30 days: USDT

Impossible Finance LaunchpadIDIA

$0.003554

24h: -0.24%
Market cap: $3.41M
Volume 24h: $88
Volatility (ann.): 106%

TetherUSDT

$0.998845

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

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

Performance

IDIAUSDT

7 days-0.45%+0.03%USDT
30 days-28.45%-0.08%USDT

Correlation

0.49over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	IDIA	USDT
Max drawdown (400d)	-31.1%	-0.2%
Risk-adjusted return (90d)	-0.16	-0.03

Relative strength over 90 days: USDT outperformed IDIA by 17.1% — measured on the IDIA/USDT ratio, so it holds regardless of market direction.

Impossible Finance Launchpad →Tether →