Orion Money vs Tether

Tether (USDT) is 2848095.6× the size of Orion Money (ORION) by market capitalisation. Over the past 30 days, USDT is ahead by 22.0 percentage points (ORION -22.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.08 across 24 shared trading days). ORION has been the more volatile of the two, at 46% annualised against USDT's 1%.

Correlation: 0.08
Size ratio: 1 : 2848095.6
Ahead over 30 days: USDT

Orion MoneyORION

$0.000363

24h: +4.51%
Market cap: $62,594
Volume 24h: $90
Volatility (ann.): 46%

TetherUSDT

$0.999439

24h: +0.04%
Market cap: $178.27B
Volume 24h: $57.39B
Volatility (ann.): 1%

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

Performance

ORIONUSDT

7 days+1.52%+0.03%ORION
30 days-21.99%-0.04%USDT

Correlation

0.08over 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	ORION	USDT
Max drawdown (400d)	-28.4%	-0.2%
Risk-adjusted return (90d)	-0.51	0.03

Relative strength over 90 days: USDT outperformed ORION by 16.3% — measured on the ORION/USDT ratio, so it holds regardless of market direction.

Orion Money →Tether →