LiquidLaunch vs Tether

Tether (USDT) is 135163.1× the size of LiquidLaunch (LIQD) by market capitalisation. Over the past 30 days, USDT is ahead by 59.0 percentage points (LIQD -59.1% against USDT -0.1%). Their daily returns move barely together (correlation 0.03 across 30 shared trading days). LIQD has been the more volatile of the two, at 460% annualised against USDT's 1%.

Correlation: 0.03
Size ratio: 1 : 135163.1
Ahead over 30 days: USDT

LiquidLaunchLIQD

$0.001100

24h: +13.26%
Market cap: $1.32M
Volume 24h: $3,042
Volatility (ann.): 460%

TetherUSDT

$0.998961

24h: +0.03%
Market cap: $178.19B
Volume 24h: $49.81B
Volatility (ann.): 1%

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

Performance

LIQDUSDT

7 days-5.38%+0.03%USDT
30 days-59.06%-0.08%USDT

Correlation

0.03over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	LIQD	USDT
Max drawdown (400d)	-75.8%	-0.2%
Risk-adjusted return (90d)	-0.10	-0.03

Relative strength over 90 days: USDT outperformed LIQD by 44.6% — measured on the LIQD/USDT ratio, so it holds regardless of market direction.

LiquidLaunch →Tether →