Tether (USDT) is 3019555.6× the size of Market Making Pro (MMPRO) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 45 shared trading days). MMPRO has been the more volatile of the two, at 146% annualised against USDT's 1%.
MMPROUSDT
0.24over 45 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 | MMPRO | USDT |
|---|---|---|
| Max drawdown (400d) | -96.1% | -0.2% |
| Risk-adjusted return (90d) | -0.45 | 0.03 |
| Best 30 days (past year) | +618.9% | — |
| Worst 30 days (past year) | -90.3% | — |
Relative strength over 90 days: USDT outperformed MMPRO by 60.2% — measured on the MMPRO/USDT ratio, so it holds regardless of market direction.