LUSD [OLD] vs Tether

LUSD [OLD] (LUSD) and Tether (USDT) compared side by side. Over the past 30 days, LUSD is ahead by 50.9 percentage points (LUSD +50.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.34 across 24 shared trading days). LUSD has been the more volatile of the two, at 290% annualised against USDT's 1%.

Correlation: 0.34
Ahead over 30 days: LUSD

LUSD [OLD]LUSD

$1.036e-5

24h: +3.52%
Market cap: —
Volume 24h: $64
Volatility (ann.): 290%

TetherUSDT

$0.999382

24h: +0.04%
Market cap: $178.26B
Volume 24h: $63.30B
Volatility (ann.): 1%

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

Performance

LUSDUSDT

7 days-8.49%+0.03%USDT
30 days+50.83%-0.04%LUSD

Correlation

0.34over 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	LUSD	USDT
Max drawdown (400d)	-37.2%	-0.2%
Risk-adjusted return (90d)	0.17	0.03

Relative strength over 90 days: USDT outperformed LUSD by 4.3% — measured on the LUSD/USDT ratio, so it holds regardless of market direction.

LUSD [OLD] →Tether →