Liquity USD vs Tether

Tether (USDT) is 7395.0× the size of Liquity USD (LUSD) by market capitalisation. Over the past 30 days, LUSD is ahead by 1.5 percentage points (LUSD +1.4% against USDT -0.1%). Their daily returns move loosely in opposite directions (correlation -0.60 across 34 shared trading days). LUSD has been the more volatile of the two, at 24% annualised against USDT's 1%.

Correlation: -0.60
Size ratio: 1 : 7395.0
Ahead over 30 days: LUSD

Liquity USDLUSD

$1.0250

24h: +0.80%
Market cap: $24.10M
Volume 24h: $19,928
Volatility (ann.): 24%

TetherUSDT

$0.999003

24h: +0.03%
Market cap: $178.19B
Volume 24h: $48.44B
Volatility (ann.): 1%

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

Performance

LUSDUSDT

7 days+1.69%+0.03%LUSD
30 days+1.39%-0.08%LUSD

Correlation

-0.60over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6290d: 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	LUSD	USDT
Max drawdown (400d)	-4.2%	-0.2%
Risk-adjusted return (90d)	0.05	-0.03

Relative strength over 90 days: LUSD outperformed USDT by 1.2% — measured on the LUSD/USDT ratio, so it holds regardless of market direction.

Liquity USD →Tether →