IHODL vs Tether

Tether (USDT) is 397154.3× the size of IHODL (IHODL) by market capitalisation. Over the past 30 days, USDT is ahead by 3.6 percentage points (IHODL -3.7% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.20 across 22 shared trading days). IHODL has been the more volatile of the two, at 15% annualised against USDT's 1%.

Correlation: -0.20
Size ratio: 1 : 397154.3
Ahead over 30 days: USDT

IHODLIHODL

$0.000449

24h: —
Market cap: $448,864
Volume 24h: $66
Volatility (ann.): 15%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

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

Performance

IHODLUSDT

7 days-3.31%+0.03%USDT
30 days-3.66%-0.04%USDT

Correlation

-0.20over 22 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	IHODL	USDT
Max drawdown (400d)	-4.0%	-0.2%
Risk-adjusted return (90d)	-0.25	0.03

Relative strength over 90 days: USDT outperformed IHODL by 1.7% — measured on the IHODL/USDT ratio, so it holds regardless of market direction.

IHODL →Tether →