JupUSD vs Tether

Tether (USDT) is 4566.0× the size of JupUSD (JUPUSD) by market capitalisation. Over the past 30 days, JUPUSD is ahead by 0.0 percentage points (JUPUSD -0.1% against USDT -0.1%). Their daily returns move very closely together (correlation 0.90 across 50 shared trading days). JUPUSD has been the more volatile of the two, at 1% annualised against USDT's 1%.

Correlation: 0.90
Size ratio: 1 : 4566.0
Ahead over 30 days: JUPUSD

JupUSDJUPUSD

$0.999600

24h: +0.03%
Market cap: $39.04M
Volume 24h: $1.21M
Volatility (ann.): 1%

TetherUSDT

$0.999249

24h: +0.04%
Market cap: $178.24B
Volume 24h: $59.40B
Volatility (ann.): 1%

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

Performance

JUPUSDUSDT

7 days+0.07%+0.03%JUPUSD
30 days-0.05%-0.08%JUPUSD

Correlation

0.90over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9390d: 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	JUPUSD	USDT
Max drawdown (400d)	-0.2%	-0.2%
Risk-adjusted return (90d)	-0.07	-0.03

Relative strength over 90 days: JUPUSD outperformed USDT by 0.0% — measured on the JUPUSD/USDT ratio, so it holds regardless of market direction.

JupUSD →Tether →