LIL Bits vs Tether

Tether (USDT) is 839051.6× the size of LIL Bits (LIL) by market capitalisation. Over the past 30 days, USDT is ahead by 42.4 percentage points (LIL -42.4% against USDT -0.0%). Their daily returns move barely together (correlation 0.19 across 24 shared trading days). LIL has been the more volatile of the two, at 177% annualised against USDT's 1%.

Correlation: 0.19
Size ratio: 1 : 839051.6
Ahead over 30 days: USDT

LIL BitsLIL

$0.000212

24h: +4.31%
Market cap: $212,464
Volume 24h: $530
Volatility (ann.): 177%

TetherUSDT

$0.999409

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

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

Performance

LILUSDT

7 days-22.84%+0.03%USDT
30 days-42.44%-0.04%USDT

Correlation

0.19over 24 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	LIL	USDT
Max drawdown (400d)	-45.0%	-0.2%
Risk-adjusted return (90d)	-0.21	0.03

Relative strength over 90 days: USDT outperformed LIL by 21.2% — measured on the LIL/USDT ratio, so it holds regardless of market direction.

LIL Bits →Tether →