League of Ancients vs Tether

Tether (USDT) is 830659.9× the size of League of Ancients (LOA) by market capitalisation. Over the past 30 days, USDT is ahead by 33.3 percentage points (LOA -33.4% against USDT -0.1%). Their daily returns move loosely together (correlation 0.55 across 25 shared trading days). LOA has been the more volatile of the two, at 63% annualised against USDT's 1%.

Correlation: 0.55
Size ratio: 1 : 830659.9
Ahead over 30 days: USDT

League of AncientsLOA

$0.000505

24h: +1.06%
Market cap: $213,754
Volume 24h: $94
Volatility (ann.): 63%

TetherUSDT

$0.998932

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

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

Performance

LOAUSDT

7 days-12.06%+0.07%USDT
30 days-33.36%-0.09%USDT

Correlation

0.55over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5590d: 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	LOA	USDT
Max drawdown (400d)	-35.0%	-0.2%
Risk-adjusted return (90d)	-0.53	-0.05

Relative strength over 90 days: USDT outperformed LOA by 33.6% — measured on the LOA/USDT ratio, so it holds regardless of market direction.

League of Ancients →Tether →