Mosaic vs Tether

Tether (USDT) is 1525444.5× the size of Mosaic (MOS) by market capitalisation. Over the past 30 days, USDT is ahead by 93.2 percentage points (MOS -93.3% against USDT -0.1%). Their daily returns move barely together (correlation 0.25 across 25 shared trading days). MOS has been the more volatile of the two, at 556% annualised against USDT's 1%.

Correlation: 0.25
Size ratio: 1 : 1525444.5
Ahead over 30 days: USDT

MosaicMOS

$0.000126

24h: -7.01%
Market cap: $116,795
Volume 24h: $7,638
Volatility (ann.): 556%

TetherUSDT

$0.998826

24h: +0.01%
Market cap: $178.16B
Volume 24h: $49.54B
Volatility (ann.): 1%

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

Performance

MOSUSDT

7 days+18.26%+0.03%MOS
30 days-93.30%-0.08%USDT

Correlation

0.25over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	MOS	USDT
Max drawdown (400d)	-95.6%	-0.2%
Risk-adjusted return (90d)	-0.17	-0.03

Relative strength over 90 days: USDT outperformed MOS by 92.0% — measured on the MOS/USDT ratio, so it holds regardless of market direction.

Mosaic →Tether →