KING MYCO vs Tether

Tether (USDT) is 1103861.5× the size of KING MYCO ($MYCO) by market capitalisation. Over the past 30 days, $MYCO is ahead by 15.1 percentage points ($MYCO +15.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.27 across 24 shared trading days). $MYCO has been the more volatile of the two, at 56% annualised against USDT's 1%.

Correlation: 0.27
Size ratio: 1 : 1103861.5
Ahead over 30 days: $MYCO

KING MYCO$MYCO

$0.000174

24h: +15.26%
Market cap: $160,892
Volume 24h: $1,081
Volatility (ann.): 56%

TetherUSDT

$0.999471

24h: +0.04%
Market cap: $177.60B
Volume 24h: $55.08B
Volatility (ann.): 1%

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

Performance

$MYCOUSDT

7 days-5.69%+0.03%USDT
30 days+15.03%-0.04%$MYCO

Correlation

0.27over 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	$MYCO	USDT
Max drawdown (400d)	-8.3%	-0.2%
Risk-adjusted return (90d)	0.44	0.03

Relative strength over 90 days: $MYCO outperformed USDT by 8.3% — measured on the $MYCO/USDT ratio, so it holds regardless of market direction.

KING MYCO →Tether →