Mean DAO vs Tether

Tether (USDT) is 23946164.0× the size of Mean DAO (MEAN) by market capitalisation. Over the past 30 days, USDT is ahead by 0.9 percentage points (MEAN -0.9% against USDT -0.0%). Their daily returns move barely together (correlation 0.34 across 22 shared trading days). MEAN has been the more volatile of the two, at 14% annualised against USDT's 1%.

Correlation: 0.34
Size ratio: 1 : 23946164.0
Ahead over 30 days: USDT

Mean DAOMEAN

$3.786e-5

24h: +1.07%
Market cap: $7,414
Volume 24h: $10
Volatility (ann.): 14%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

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

Performance

MEANUSDT

7 days-0.42%+0.03%USDT
30 days-0.92%-0.04%USDT

Correlation

0.34over 22 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	MEAN	USDT
Max drawdown (400d)	-4.3%	-0.2%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: USDT outperformed MEAN by 3.1% — measured on the MEAN/USDT ratio, so it holds regardless of market direction.

Mean DAO →Tether →