MagnetGold (MTG) and Tether (USDT) compared side by side. Over the past 30 days, MTG is ahead by 2274.8 percentage points (MTG +2274.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.17 across 20 shared trading days). MTG has been the more volatile of the two, at 20051% annualised against USDT's 1%.
MTGUSDT
0.17over 20 shared trading days
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.
| Metric | MTG | USDT |
|---|---|---|
| Max drawdown (400d) | -96.4% | -0.2% |
| Risk-adjusted return (90d) | 0.11 | 0.03 |
Relative strength over 90 days: MTG outperformed USDT by 2275.2% — measured on the MTG/USDT ratio, so it holds regardless of market direction.