Origin Dollar vs Tether

Tether (USDT) is 28847.9× the size of Origin Dollar (OUSD) by market capitalisation. Over the past 30 days, OUSD is ahead by 0.1 percentage points (OUSD +0.1% against USDT -0.1%). Their daily returns move barely together (correlation 0.02 across 32 shared trading days). OUSD has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: 0.02
Size ratio: 1 : 28847.9
Ahead over 30 days: OUSD

Origin DollarOUSD

$0.999364

24h: +0.05%
Market cap: $6.18M
Volume 24h: $36,558
Volatility (ann.): 2%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

OUSDUSDT

7 days+0.00%+0.03%USDT
30 days+0.07%-0.08%OUSD

Correlation

0.02over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	OUSD	USDT
Max drawdown (400d)	-0.5%	-0.2%
Risk-adjusted return (90d)	-0.01	-0.03

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

Origin Dollar →Tether →