MetaDAO vs Tether

Tether (USDT) is 1835.1× the size of MetaDAO (META) by market capitalisation. Over the past 30 days, USDT is ahead by 12.9 percentage points (META -13.0% against USDT -0.1%). Their daily returns move barely together (correlation 0.32 across 54 shared trading days). META has been the more volatile of the two, at 140% annualised against USDT's 1%.

Correlation: 0.32
Size ratio: 1 : 1835.1
Ahead over 30 days: USDT

MetaDAOMETA

$4.2800

24h: -0.56%
Market cap: $97.10M
Volume 24h: $1.03M
Volatility (ann.): 140%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

META 0.1%Share of the two combined market caps99.9% USDT

Performance

METAUSDT

7 days-11.41%+0.03%USDT
30 days-13.00%-0.08%USDT

Correlation

0.32over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	META	USDT
Max drawdown (400d)	-37.9%	-0.2%
Risk-adjusted return (90d)	-0.08	-0.03

Relative strength over 90 days: USDT outperformed META by 10.7% — measured on the META/USDT ratio, so it holds regardless of market direction.

MetaDAO →Tether →