Laso Finance vs Tether

Tether (USDT) is 132251.5× the size of Laso Finance (LASO) by market capitalisation. Over the past 30 days, LASO is ahead by 45.9 percentage points (LASO +45.8% against USDT -0.1%). Their daily returns move barely together (correlation 0.05 across 28 shared trading days). LASO has been the more volatile of the two, at 204% annualised against USDT's 1%.

Correlation: 0.05
Size ratio: 1 : 132251.5
Ahead over 30 days: LASO

Laso FinanceLASO

$0.104453

24h: +0.07%
Market cap: $1.35M
Volume 24h: $2
Volatility (ann.): 204%

TetherUSDT

$0.999031

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.20B
Volatility (ann.): 1%

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

Performance

LASOUSDT

7 days-3.24%+0.03%USDT
30 days+45.81%-0.08%LASO

Correlation

0.05over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	LASO	USDT
Max drawdown (400d)	-40.4%	-0.2%
Risk-adjusted return (90d)	0.11	-0.03

Relative strength over 90 days: LASO outperformed USDT by 23.5% — measured on the LASO/USDT ratio, so it holds regardless of market direction.

Laso Finance →Tether →