Insula vs Tether

Tether (USDT) is 22409913.0× the size of Insula (ISLA) by market capitalisation. Over the past 30 days, USDT is ahead by 13.9 percentage points (ISLA -13.9% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.14 across 24 shared trading days). ISLA has been the more volatile of the two, at 33% annualised against USDT's 1%.

Correlation: -0.14
Size ratio: 1 : 22409913.0
Ahead over 30 days: USDT

InsulaISLA

$0.008720

24h: +3.61%
Market cap: $7,922
Volume 24h: $55
Volatility (ann.): 33%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

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

Performance

ISLAUSDT

7 days+0.50%+0.03%ISLA
30 days-13.94%-0.04%USDT

Correlation

-0.14over 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	ISLA	USDT
Max drawdown (400d)	-18.0%	-0.2%
Risk-adjusted return (90d)	-0.44	0.03

Relative strength over 90 days: USDT outperformed ISLA by 9.4% — measured on the ISLA/USDT ratio, so it holds regardless of market direction.

Insula →Tether →