Moola Celo Dollars vs Tether

Tether (USDT) is 882843.1× the size of Moola Celo Dollars (MCUSD) by market capitalisation. Over the past 30 days, MCUSD is ahead by 0.7 percentage points (MCUSD +0.6% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.32 across 20 shared trading days). MCUSD has been the more volatile of the two, at 22% annualised against USDT's 1%.

Correlation: -0.32
Size ratio: 1 : 882843.1
Ahead over 30 days: MCUSD

Moola Celo DollarsMCUSD

$0.364511

24h: -75.18%
Market cap: $201,893
Volume 24h: $1,406
Volatility (ann.): 22%

TetherUSDT

$0.999249

24h: +0.04%
Market cap: $178.24B
Volume 24h: $59.40B
Volatility (ann.): 1%

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

Performance

MCUSDUSDT

7 days+1.12%+0.03%MCUSD
30 days+0.58%-0.08%MCUSD

Correlation

-0.32over 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	MCUSD	USDT
Max drawdown (400d)	-3.8%	-0.2%
Risk-adjusted return (90d)	0.03	-0.03

Relative strength over 90 days: MCUSD outperformed USDT by 0.7% — measured on the MCUSD/USDT ratio, so it holds regardless of market direction.

Moola Celo Dollars →Tether →