New XAI Gork vs Tether

Tether (USDT) is 432966.5× the size of New XAI Gork (GORK) by market capitalisation. Over the past 30 days, USDT is ahead by 26.6 percentage points (GORK -26.7% against USDT -0.1%). Their daily returns move barely together (correlation 0.26 across 26 shared trading days). GORK has been the more volatile of the two, at 84% annualised against USDT's 1%.

Correlation: 0.26
Size ratio: 1 : 432966.5
Ahead over 30 days: USDT

New XAI GorkGORK

$0.000412

24h: -0.27%
Market cap: $411,562
Volume 24h: $1.71M
Volatility (ann.): 84%

TetherUSDT

$0.998961

24h: +0.03%
Market cap: $178.19B
Volume 24h: $49.81B
Volatility (ann.): 1%

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

Performance

GORKUSDT

7 days-27.43%+0.03%USDT
30 days-26.67%-0.08%USDT

Correlation

0.26over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	GORK	USDT
Max drawdown (400d)	-35.2%	-0.2%
Risk-adjusted return (90d)	-0.42	-0.03

Relative strength over 90 days: USDT outperformed GORK by 35.0% — measured on the GORK/USDT ratio, so it holds regardless of market direction.

New XAI Gork →Tether →