Klaytn Dai vs Tether

Tether (USDT) is 229170.1× the size of Klaytn Dai (KDAI) by market capitalisation. Over the past 30 days, KDAI is ahead by 1.9 percentage points (KDAI +1.8% against USDT -0.1%). Their daily returns move loosely together (correlation 0.46 across 20 shared trading days). KDAI has been the more volatile of the two, at 2983% annualised against USDT's 1%.

Correlation: 0.46
Size ratio: 1 : 229170.1
Ahead over 30 days: KDAI

Klaytn DaiKDAI

$0.097443

24h: -2.74%
Market cap: $777,558
Volume 24h: $3,609
Volatility (ann.): 2983%

TetherUSDT

$0.999003

24h: +0.03%
Market cap: $178.19B
Volume 24h: $48.44B
Volatility (ann.): 1%

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

Performance

KDAIUSDT

7 days-2.45%+0.03%USDT
30 days+1.84%-0.08%KDAI

Correlation

0.46over 20 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	KDAI	USDT
Max drawdown (400d)	-89.5%	-0.2%
Risk-adjusted return (90d)	0.00	-0.03

Relative strength over 90 days: KDAI outperformed USDT by 1.9% — measured on the KDAI/USDT ratio, so it holds regardless of market direction.

Klaytn Dai →Tether →