Level USD vs Tether

Tether (USDT) is 445701.8× the size of Level USD (LVLUSD) by market capitalisation. Over the past 30 days, LVLUSD is ahead by 0.0 percentage points (LVLUSD -0.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.13 across 23 shared trading days). Both have run at a similar volatility, around 0% annualised.

Correlation: 0.13
Size ratio: 1 : 445701.8
Ahead over 30 days: LVLUSD

Level USDLVLUSD

$0.997356

24h: +0.06%
Market cap: $399,972
Volume 24h: $90
Volatility (ann.): 0%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

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

Performance

LVLUSDUSDT

7 days+0.01%+0.03%USDT
30 days-0.02%-0.04%LVLUSD

Correlation

0.13over 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	LVLUSD	USDT
Max drawdown (400d)	-0.1%	-0.2%
Risk-adjusted return (90d)	-0.04	0.03

Relative strength over 90 days: USDT outperformed LVLUSD by 0.0% — measured on the LVLUSD/USDT ratio, so it holds regardless of market direction.

Level USD →Tether →