MelaniaButtCoin vs Tether
MelaniaButtCoin (MELANIA) and Tether (USDT) compared side by side. Their daily returns move loosely together (correlation 0.38 across 35 shared trading days). MELANIA has been the more volatile of the two, at 102% annualised against USDT's 0%.
Performance
| Period | MELANIA | USDT | Ahead |
|---|---|---|---|
| 7 days | -10.72% | -0.01% | USDT |
| 30 days | -1.45% | +0.00% | USDT |
| 90 days | +35.50% | — | — |
| 1 year | -40.35% | — | — |
Risk & extremes
| Metric | MELANIA | USDT |
|---|---|---|
| Max drawdown (400d) | -67.0% | -0.0% |
| Risk-adjusted return (90d) | 0.45 | 0.20 |
| Best 30 days (past year) | +71.0% | — |
| Worst 30 days (past year) | -46.2% | — |
Relative strength over 90 days: MELANIA outperformed USDT by 44.5% — measured on the MELANIA/USDT ratio, so it holds regardless of market direction.
Correlation
0.38over 35 shared trading days
7d: insufficient data30d: 0.3290d: 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.