MyStandard vs Tether

Tether (USDT) is 81588.2× the size of MyStandard (MYST) by market capitalisation. Over the past 30 days, MYST is ahead by 33.7 percentage points (MYST +33.6% against USDT -0.1%). Their daily returns move barely together (correlation 0.33 across 30 shared trading days). MYST has been the more volatile of the two, at 120% annualised against USDT's 1%.

Correlation: 0.33
Size ratio: 1 : 81588.2
Ahead over 30 days: MYST

MyStandardMYST

$0.009879

24h: -2.11%
Market cap: $2.18M
Volume 24h: $61
Volatility (ann.): 120%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

MYSTUSDT

7 days-0.11%+0.03%USDT
30 days+33.64%-0.08%MYST

Correlation

0.33over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	MYST	USDT
Max drawdown (400d)	-25.6%	-0.2%
Risk-adjusted return (90d)	0.44	-0.03

Relative strength over 90 days: MYST outperformed USDT by 52.8% — measured on the MYST/USDT ratio, so it holds regardless of market direction.

MyStandard →Tether →