Mazze vs Tether

Tether (USDT) is 223119.8× the size of Mazze (MAZZE) by market capitalisation. Over the past 30 days, MAZZE is ahead by 180.1 percentage points (MAZZE +180.0% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.21 across 23 shared trading days). MAZZE has been the more volatile of the two, at 203% annualised against USDT's 1%.

Correlation: -0.21
Size ratio: 1 : 223119.8
Ahead over 30 days: MAZZE

MazzeMAZZE

$0.000299

24h: +9.59%
Market cap: $798,980
Volume 24h: $184
Volatility (ann.): 203%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

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

Performance

MAZZEUSDT

7 days+82.34%+0.03%MAZZE
30 days+180.04%-0.04%MAZZE

Correlation

-0.21over 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	MAZZE	USDT
Max drawdown (400d)	-19.5%	-0.2%
Risk-adjusted return (90d)	0.72	0.03

Relative strength over 90 days: MAZZE outperformed USDT by 200.4% — measured on the MAZZE/USDT ratio, so it holds regardless of market direction.

Mazze →Tether →