Launch On Pump vs Tether

Tether (USDT) is 7827406.2× the size of Launch On Pump (LAUNCH) by market capitalisation. Over the past 30 days, USDT is ahead by 7.4 percentage points (LAUNCH -7.5% against USDT -0.1%). Their daily returns move barely together (correlation 0.01 across 23 shared trading days). LAUNCH has been the more volatile of the two, at 61078% annualised against USDT's 1%.

Correlation: 0.01
Size ratio: 1 : 7827406.2
Ahead over 30 days: USDT

Launch On PumpLAUNCH

$2.269e-5

24h: —
Market cap: $22,684
Volume 24h: $6
Volatility (ann.): 61078%

TetherUSDT

$0.998932

24h: -0.05%
Market cap: $177.56B
Volume 24h: $69.94B
Volatility (ann.): 1%

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

Performance

LAUNCHUSDT

7 days+1.68%+0.07%LAUNCH
30 days-7.53%-0.09%USDT

Correlation

0.01over 23 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	LAUNCH	USDT
Max drawdown (400d)	-99.5%	-0.2%
Risk-adjusted return (90d)	0.00	-0.05

Relative strength over 90 days: USDT outperformed LAUNCH by 4.8% — measured on the LAUNCH/USDT ratio, so it holds regardless of market direction.

Launch On Pump →Tether →