Nuvola Digital vs Tether

Tether (USDT) is 111392.2× the size of Nuvola Digital (NVL) by market capitalisation. Over the past 30 days, NVL is ahead by 13.7 percentage points (NVL +13.7% against USDT -0.1%). Their daily returns move loosely together (correlation 0.50 across 21 shared trading days). NVL has been the more volatile of the two, at 117% annualised against USDT's 1%.

Correlation: 0.50
Size ratio: 1 : 111392.2
Ahead over 30 days: NVL

Nuvola DigitalNVL

$0.093182

24h: -1.97%
Market cap: $1.60M
Volume 24h: $10
Volatility (ann.): 117%

TetherUSDT

$0.999272

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

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

Performance

NVLUSDT

7 days-11.63%+0.03%USDT
30 days+13.66%-0.08%NVL

Correlation

0.50over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NVL	USDT
Max drawdown (400d)	-18.0%	-0.2%
Risk-adjusted return (90d)	0.12	-0.03

Relative strength over 90 days: NVL outperformed USDT by 12.1% — measured on the NVL/USDT ratio, so it holds regardless of market direction.

Nuvola Digital →Tether →