Monerium EUR emoney [OLD] vs Tether

Tether (USDT) is 7624.2× the size of Monerium EUR emoney [OLD] (EURE) by market capitalisation. Over the past 30 days, USDT is ahead by 3.4 percentage points (EURE -3.4% against USDT -0.1%). Their daily returns move loosely together (correlation 0.48 across 31 shared trading days). EURE has been the more volatile of the two, at 9% annualised against USDT's 1%.

Correlation: 0.48
Size ratio: 1 : 7624.2
Ahead over 30 days: USDT

Monerium EUR emoney [OLD]EURE

$1.1200

24h: +0.32%
Market cap: $23.38M
Volume 24h: $458,910
Volatility (ann.): 9%

TetherUSDT

$0.999387

24h: +0.03%
Market cap: $178.27B
Volume 24h: $62.40B
Volatility (ann.): 1%

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

Performance

EUREUSDT

7 days+0.90%+0.03%EURE
30 days-3.45%-0.08%USDT

Correlation

0.48over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	EURE	USDT
Max drawdown (400d)	-4.3%	-0.2%
Risk-adjusted return (90d)	-0.37	-0.03

Relative strength over 90 days: USDT outperformed EURE by 3.4% — measured on the EURE/USDT ratio, so it holds regardless of market direction.

Monerium EUR emoney [OLD] →Tether →