MemeFi vs Tether
Tether (USDT) is 550326.3× the size of MemeFi (MEMEFI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 35 shared trading days). MEMEFI has been the more volatile of the two, at 317% annualised against USDT's 0%.
Performance
| Period | MEMEFI | USDT | Ahead |
|---|---|---|---|
| 7 days | +26.80% | -0.01% | MEMEFI |
| 30 days | -55.69% | +0.00% | USDT |
| 90 days | -92.68% | — | — |
Risk & extremes
| Metric | MEMEFI | USDT |
|---|---|---|
| Max drawdown (400d) | -98.2% | -0.0% |
| Risk-adjusted return (90d) | -0.23 | 0.20 |
Relative strength over 90 days: USDT outperformed MEMEFI by 30.4% — measured on the MEMEFI/USDT ratio, so it holds regardless of market direction.
Correlation
-0.02over 35 shared trading days
7d: insufficient data30d: -0.3090d: 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.