Marine Moguls vs Tether

Tether (USDT) is 779203.4× the size of Marine Moguls (MOGUL) by market capitalisation. Over the past 30 days, USDT is ahead by 13.0 percentage points (MOGUL -13.1% against USDT -0.0%). Their daily returns move barely together (correlation 0.05 across 23 shared trading days). MOGUL has been the more volatile of the two, at 82% annualised against USDT's 1%.

Correlation: 0.05
Size ratio: 1 : 779203.4
Ahead over 30 days: USDT

Marine MogulsMOGUL

$22.9700

24h: -0.73%
Market cap: $228,784
Volume 24h: $352
Volatility (ann.): 82%

TetherUSDT

$0.999413

24h: +0.06%
Market cap: $178.27B
Volume 24h: $57.22B
Volatility (ann.): 1%

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

Performance

MOGULUSDT

7 days-9.01%+0.03%USDT
30 days-13.05%-0.04%USDT

Correlation

0.05over 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	MOGUL	USDT
Max drawdown (400d)	-18.1%	-0.2%
Risk-adjusted return (90d)	-0.10	0.03

Relative strength over 90 days: USDT outperformed MOGUL by 7.2% — measured on the MOGUL/USDT ratio, so it holds regardless of market direction.

Marine Moguls →Tether →