Monke vs Tether

Tether (USDT) is 1833973.2× the size of Monke (MONKE) by market capitalisation. Over the past 30 days, USDT is ahead by 11.5 percentage points (MONKE -11.5% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.20 across 20 shared trading days). MONKE has been the more volatile of the two, at 44% annualised against USDT's 1%.

Correlation: -0.20
Size ratio: 1 : 1833973.2
Ahead over 30 days: USDT

MonkeMONKE

$1.403e-8

24h: +5.32%
Market cap: $96,793
Volume 24h: $209
Volatility (ann.): 44%

TetherUSDT

$0.998963

24h: -0.04%
Market cap: $177.52B
Volume 24h: $61.96B
Volatility (ann.): 1%

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

Performance

MONKEUSDT

7 days-3.93%+0.03%USDT
30 days-11.52%-0.04%USDT

Correlation

-0.20over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MONKE	USDT
Max drawdown (400d)	-14.7%	-0.2%
Risk-adjusted return (90d)	-0.26	0.03

Relative strength over 90 days: USDT outperformed MONKE by 7.3% — measured on the MONKE/USDT ratio, so it holds regardless of market direction.

Monke →Tether →