ONYX vs Tether
ONYX (ONYX) and Tether (USDT) compared side by side. ONYX has been the more volatile of the two, at 40% annualised against USDT's 1%.
ONYX (ONYX) and Tether (USDT) compared side by side. ONYX has been the more volatile of the two, at 40% annualised against USDT's 1%.
ONYXUSDT
| Metric | ONYX | USDT |
|---|---|---|
| Max drawdown (400d) | -16.3% | -0.2% |
| Risk-adjusted return (90d) | -0.37 | -0.03 |
Relative strength over 90 days: USDT outperformed ONYX by 10.2% — measured on the ONYX/USDT ratio, so it holds regardless of market direction.