Loom vs Tether

Tether (USDT) is 6683016.6× the size of Loom (LOOM) by market capitalisation. Over the past 30 days, USDT is ahead by 37.5 percentage points (LOOM -37.6% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.16 across 25 shared trading days). LOOM has been the more volatile of the two, at 137% annualised against USDT's 1%.

Correlation: -0.16
Size ratio: 1 : 6683016.6
Ahead over 30 days: USDT

LoomLOOM

$2.659e-5

24h: +1.55%
Market cap: $26,569
Volume 24h: $480
Volatility (ann.): 137%

TetherUSDT

$0.998954

24h: -0.04%
Market cap: $177.56B
Volume 24h: $67.70B
Volatility (ann.): 1%

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

Performance

LOOMUSDT

7 days-9.82%+0.07%USDT
30 days-37.55%-0.09%USDT

Correlation

-0.16over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	LOOM	USDT
Max drawdown (400d)	-57.8%	-0.2%
Risk-adjusted return (90d)	-0.38	-0.05

Relative strength over 90 days: USDT outperformed LOOM by 28.4% — measured on the LOOM/USDT ratio, so it holds regardless of market direction.

Loom →Tether →