牛来 vs Tether
牛来 (NIULAI) and Tether (USDT) compared side by side. Over the past 30 days, NIULAI is ahead by 108.7 percentage points (NIULAI +108.7% against USDT +0.0%). Their daily returns move barely in opposite directions (correlation -0.16 across 31 shared trading days). NIULAI has been the more volatile of the two, at 421% annualised against USDT's 0%.
Performance
| Period | NIULAI | USDT | Ahead |
|---|---|---|---|
| 7 days | +6.46% | +0.00% | NIULAI |
| 30 days | +108.72% | +0.01% | NIULAI |
Risk & extremes
| Metric | NIULAI | USDT |
|---|---|---|
| Max drawdown (400d) | -41.1% | -0.0% |
| Risk-adjusted return (90d) | 0.44 | 0.22 |
Relative strength over 90 days: NIULAI outperformed USDT by 158.8% — measured on the NIULAI/USDT ratio, so it holds regardless of market direction.
Correlation
-0.16over 31 shared trading days
7d: insufficient data30d: -0.1690d: 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.