Tether (USDT) is 1063259.7× the size of ISKRA Token (ISK) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 37 shared trading days). ISK has been the more volatile of the two, at 124% annualised against USDT's 1%.
ISKUSDT
0.38over 37 shared trading days
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.
| Metric | ISK | USDT |
|---|---|---|
| Max drawdown (400d) | -95.6% | -0.2% |
| Risk-adjusted return (90d) | -0.33 | 0.03 |
Relative strength over 90 days: USDT outperformed ISK by 73.5% — measured on the ISK/USDT ratio, so it holds regardless of market direction.