Mad Meerkat Optimizer vs Tether

Tether (USDT) is 6082501.6× the size of Mad Meerkat Optimizer (MMO) by market capitalisation. Over the past 30 days, USDT is ahead by 23.9 percentage points (MMO -23.9% against USDT -0.0%). Their daily returns move barely together (correlation 0.08 across 23 shared trading days). MMO has been the more volatile of the two, at 48% annualised against USDT's 1%.

Correlation: 0.08
Size ratio: 1 : 6082501.6
Ahead over 30 days: USDT

Mad Meerkat OptimizerMMO

$0.006081

24h: —
Market cap: $29,185
Volume 24h: $3
Volatility (ann.): 48%

TetherUSDT

$0.998974

24h: -0.04%
Market cap: $177.52B
Volume 24h: $66.46B
Volatility (ann.): 1%

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

Performance

MMOUSDT

7 days-1.06%+0.03%USDT
30 days-23.95%-0.04%USDT

Correlation

0.08over 23 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	MMO	USDT
Max drawdown (400d)	-27.0%	-0.2%
Risk-adjusted return (90d)	-0.49	0.03

Relative strength over 90 days: USDT outperformed MMO by 13.5% — measured on the MMO/USDT ratio, so it holds regardless of market direction.

Mad Meerkat Optimizer →Tether →