OuroLayer vs Tether

Tether (USDT) is 3776768.0× the size of OuroLayer (OURO) by market capitalisation. Over the past 30 days, USDT is ahead by 98.5 percentage points (OURO -98.6% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.03 across 22 shared trading days). OURO has been the more volatile of the two, at 4992% annualised against USDT's 1%.

Correlation: -0.03
Size ratio: 1 : 3776768.0
Ahead over 30 days: USDT

OuroLayerOURO

$5.382e-5

24h: -48.46%
Market cap: $47,200
Volume 24h: $5,718
Volatility (ann.): 4992%

TetherUSDT

$0.999382

24h: +0.02%
Market cap: $178.26B
Volume 24h: $63.95B
Volatility (ann.): 1%

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

Performance

OUROUSDT

7 days-84.79%+0.03%USDT
30 days-98.56%-0.08%USDT

Correlation

-0.03over 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	OURO	USDT
Max drawdown (400d)	-98.6%	-0.2%
Risk-adjusted return (90d)	-0.01	-0.03

Relative strength over 90 days: USDT outperformed OURO by 71.5% — measured on the OURO/USDT ratio, so it holds regardless of market direction.

OuroLayer →Tether →