Make Aliens Great Again vs Tether

Tether (USDT) is 685631.7× the size of Make Aliens Great Again (MAGA) by market capitalisation. Over the past 30 days, USDT is ahead by 61.6 percentage points (MAGA -61.7% against USDT -0.1%). Their daily returns move barely together (correlation 0.08 across 26 shared trading days). MAGA has been the more volatile of the two, at 187% annualised against USDT's 1%.

Correlation: 0.08
Size ratio: 1 : 685631.7
Ahead over 30 days: USDT

Make Aliens Great AgainMAGA

$0.000266

24h: -8.57%
Market cap: $259,902
Volume 24h: $33,795
Volatility (ann.): 187%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

MAGAUSDT

7 days-33.97%+0.03%USDT
30 days-61.70%-0.08%USDT

Correlation

0.08over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	MAGA	USDT
Max drawdown (400d)	-71.8%	-0.2%
Risk-adjusted return (90d)	-0.38	-0.03

Relative strength over 90 days: USDT outperformed MAGA by 71.1% — measured on the MAGA/USDT ratio, so it holds regardless of market direction.

Make Aliens Great Again →Tether →