MindWaveDAO vs Tether

Tether (USDT) is 2694.9× the size of MindWaveDAO (NILA) by market capitalisation. Over the past 30 days, NILA is ahead by 0.5 percentage points (NILA +0.4% against USDT -0.1%). Their daily returns move barely together (correlation 0.11 across 52 shared trading days). NILA has been the more volatile of the two, at 5% annualised against USDT's 1%.

Correlation: 0.11
Size ratio: 1 : 2694.9
Ahead over 30 days: NILA

MindWaveDAONILA

$0.078481

24h: -0.11%
Market cap: $66.13M
Volume 24h: $308,387
Volatility (ann.): 5%

TetherUSDT

$0.999031

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.20B
Volatility (ann.): 1%

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

Performance

NILAUSDT

7 days+0.06%+0.03%NILA
30 days+0.45%-0.08%NILA

Correlation

0.11over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	NILA	USDT
Max drawdown (400d)	-0.9%	-0.2%
Risk-adjusted return (90d)	-0.02	-0.03

Relative strength over 90 days: USDT outperformed NILA by 0.1% — measured on the NILA/USDT ratio, so it holds regardless of market direction.

MindWaveDAO →Tether →