JPYSC vs Tether

Tether (USDT) is 1085.6× the size of JPYSC (JPYSC) by market capitalisation. Over the past 30 days, USDT is ahead by 3.1 percentage points (JPYSC -3.2% against USDT -0.1%). Their daily returns move barely together (correlation 0.08 across 56 shared trading days). JPYSC has been the more volatile of the two, at 9% annualised against USDT's 1%.

Correlation: 0.08
Size ratio: 1 : 1085.6
Ahead over 30 days: USDT

JPYSCJPYSC

$0.006315

24h: -0.11%
Market cap: $164.12M
Volume 24h: —
Volatility (ann.): 9%

TetherUSDT

$0.998845

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

JPYSC 0.1%Share of the two combined market caps99.9% USDT

Performance

JPYSCUSDT

7 days-0.44%+0.03%USDT
30 days-3.22%-0.08%USDT

Correlation

0.08over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	JPYSC	USDT
Max drawdown (400d)	-3.3%	-0.2%
Risk-adjusted return (90d)	0.05	-0.03

Relative strength over 90 days: JPYSC outperformed USDT by 0.5% — measured on the JPYSC/USDT ratio, so it holds regardless of market direction.

JPYSC →Tether →