KYOKO vs Tether

Tether (USDT) is 3493192.2× the size of KYOKO (KYOKO) by market capitalisation. Over the past 30 days, KYOKO is ahead by 45.9 percentage points (KYOKO +45.9% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.34 across 22 shared trading days). KYOKO has been the more volatile of the two, at 249% annualised against USDT's 1%.

Correlation: -0.34
Size ratio: 1 : 3493192.2
Ahead over 30 days: KYOKO

KYOKOKYOKO

$5.150e-5

24h: +4.11%
Market cap: $50,821
Volume 24h: $14
Volatility (ann.): 249%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

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

Performance

KYOKOUSDT

7 days+39.33%+0.03%KYOKO
30 days+45.85%-0.04%KYOKO

Correlation

-0.34over 22 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	KYOKO	USDT
Max drawdown (400d)	-34.0%	-0.2%
Risk-adjusted return (90d)	0.19	0.03

Relative strength over 90 days: KYOKO outperformed USDT by 66.5% — measured on the KYOKO/USDT ratio, so it holds regardless of market direction.

KYOKO →Tether →