OccamFi vs Tether

Tether (USDT) is 2192645.2× the size of OccamFi (OCC) by market capitalisation. Over the past 30 days, USDT is ahead by 11.6 percentage points (OCC -11.6% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.24 across 22 shared trading days). OCC has been the more volatile of the two, at 60% annualised against USDT's 1%.

Correlation: -0.24
Size ratio: 1 : 2192645.2
Ahead over 30 days: USDT

OccamFiOCC

$0.000953

24h: +6.88%
Market cap: $80,965
Volume 24h: $14
Volatility (ann.): 60%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

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

Performance

OCCUSDT

7 days+3.19%+0.03%OCC
30 days-11.63%-0.04%USDT

Correlation

-0.24over 22 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	OCC	USDT
Max drawdown (400d)	-18.8%	-0.2%
Risk-adjusted return (90d)	-0.19	0.03

Relative strength over 90 days: USDT outperformed OCC by 3.7% — measured on the OCC/USDT ratio, so it holds regardless of market direction.

OccamFi →Tether →