OpenDAO vs Tether

Tether (USDT) is 1242025.4× the size of OpenDAO (SOS) by market capitalisation. Over the past 30 days, USDT is ahead by 30.6 percentage points (SOS -30.6% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.11 across 24 shared trading days). SOS has been the more volatile of the two, at 89% annualised against USDT's 1%.

Correlation: -0.11
Size ratio: 1 : 1242025.4
Ahead over 30 days: USDT

OpenDAOSOS

$1.435e-9

24h: —
Market cap: $143,538
Volume 24h: $11
Volatility (ann.): 89%

TetherUSDT

$0.999510

24h: +0.06%
Market cap: $178.28B
Volume 24h: $57.45B
Volatility (ann.): 1%

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

Performance

SOSUSDT

7 days-13.31%+0.03%USDT
30 days-30.61%-0.04%USDT

Correlation

-0.11over 24 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	SOS	USDT
Max drawdown (400d)	-34.6%	-0.2%
Risk-adjusted return (90d)	-0.33	0.03

Relative strength over 90 days: USDT outperformed SOS by 29.1% — measured on the SOS/USDT ratio, so it holds regardless of market direction.

OpenDAO →Tether →