Noon USN vs Tether

Tether (USDT) is 4703.0× the size of Noon USN (USN) by market capitalisation. Over the past 30 days, USN is ahead by 0.1 percentage points (USN +0.0% against USDT -0.1%). Their daily returns move loosely together (correlation 0.39 across 46 shared trading days). USN has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: 0.39
Size ratio: 1 : 4703.0
Ahead over 30 days: USN

Noon USNUSN

$0.999136

24h: +0.04%
Market cap: $37.90M
Volume 24h: $2
Volatility (ann.): 2%

TetherUSDT

$0.999272

24h: +0.04%
Market cap: $178.24B
Volume 24h: $58.30B
Volatility (ann.): 1%

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

Performance

USNUSDT

7 days+0.10%+0.03%USN
30 days+0.01%-0.08%USN

Correlation

0.39over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	USN	USDT
Max drawdown (400d)	-0.6%	-0.2%
Risk-adjusted return (90d)	0.00	-0.03

Relative strength over 90 days: USN outperformed USDT by 0.1% — measured on the USN/USDT ratio, so it holds regardless of market direction.

Noon USN →Tether →