MagicLand vs Tether

MagicLand (MAGIC) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 3.5 percentage points (MAGIC -3.5% against USDT -0.0%). Their daily returns move loosely together (correlation 0.43 across 22 shared trading days). MAGIC has been the more volatile of the two, at 30% annualised against USDT's 1%.

Correlation: 0.43
Ahead over 30 days: USDT

MagicLandMAGIC

$0.001541

24h: +0.67%
Market cap: —
Volume 24h: $5
Volatility (ann.): 30%

TetherUSDT

$0.999386

24h: +0.04%
Market cap: $178.26B
Volume 24h: $63.78B
Volatility (ann.): 1%

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

Performance

MAGICUSDT

7 days+1.40%+0.03%MAGIC
30 days-3.50%-0.04%USDT

Correlation

0.43over 22 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	MAGIC	USDT
Max drawdown (400d)	-10.0%	-0.2%
Risk-adjusted return (90d)	-0.12	0.03

Relative strength over 90 days: USDT outperformed MAGIC by 1.1% — measured on the MAGIC/USDT ratio, so it holds regardless of market direction.

MagicLand →Tether →