MM72 vs Tether

Tether (USDT) is 5727629.7× the size of MM72 (MM72) by market capitalisation. Over the past 30 days, USDT is ahead by 11.8 percentage points (MM72 -11.8% against USDT -0.1%). Their daily returns move loosely together (correlation 0.53 across 25 shared trading days). MM72 has been the more volatile of the two, at 40% annualised against USDT's 1%.

Correlation: 0.53
Size ratio: 1 : 5727629.7
Ahead over 30 days: USDT

MM72MM72

$3.298e-7

24h: -3.41%
Market cap: $31,001
Volume 24h: $56
Volatility (ann.): 40%

TetherUSDT

$0.998962

24h: -0.01%
Market cap: $177.56B
Volume 24h: $53.09B
Volatility (ann.): 1%

MM72 0.0%Share of the two combined market caps100.0% USDT

Performance

MM72USDT

7 days+1.66%+0.07%MM72
30 days-11.85%-0.09%USDT

Correlation

0.53over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: 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	MM72	USDT
Max drawdown (400d)	-15.4%	-0.2%
Risk-adjusted return (90d)	-0.26	-0.05

Relative strength over 90 days: USDT outperformed MM72 by 4.8% — measured on the MM72/USDT ratio, so it holds regardless of market direction.

MM72 →Tether →