MAI vs Tether

Tether (USDT) is 15083.7× the size of MAI (MIMATIC) by market capitalisation. Over the past 30 days, MIMATIC is ahead by 1.7 percentage points (MIMATIC +1.6% against USDT -0.0%). Their daily returns move barely together (correlation 0.10 across 33 shared trading days). MIMATIC has been the more volatile of the two, at 46% annualised against USDT's 1%.

Correlation: 0.10
Size ratio: 1 : 15083.7
Ahead over 30 days: MIMATIC

MAIMIMATIC

$0.996278

24h: +0.11%
Market cap: $11.82M
Volume 24h: $13,523
Volatility (ann.): 46%

TetherUSDT

$0.999497

24h: +0.05%
Market cap: $178.28B
Volume 24h: $57.53B
Volatility (ann.): 1%

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

Performance

MIMATICUSDT

7 days-0.03%+0.03%USDT
30 days+1.62%-0.04%MIMATIC

Correlation

0.10over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	MIMATIC	USDT
Max drawdown (400d)	-10.6%	-0.2%
Risk-adjusted return (90d)	0.03	0.03

Relative strength over 90 days: MIMATIC outperformed USDT by 1.6% — measured on the MIMATIC/USDT ratio, so it holds regardless of market direction.

MAI →Tether →