own.money vs Tether

Tether (USDT) is 1091372.0× the size of own.money (MONEY) by market capitalisation. Over the past 30 days, USDT is ahead by 56.2 percentage points (MONEY -56.3% against USDT -0.1%). Their daily returns move barely together (correlation 0.27 across 23 shared trading days). MONEY has been the more volatile of the two, at 320% annualised against USDT's 1%.

Correlation: 0.27
Size ratio: 1 : 1091372.0
Ahead over 30 days: USDT

own.moneyMONEY

$0.000167

24h: +4.77%
Market cap: $163,278
Volume 24h: $2,560
Volatility (ann.): 320%

TetherUSDT

$0.999009

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

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

Performance

MONEYUSDT

7 days-14.38%+0.03%USDT
30 days-56.28%-0.08%USDT

Correlation

0.27over 23 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	MONEY	USDT
Max drawdown (400d)	-78.0%	-0.2%
Risk-adjusted return (90d)	-0.23	-0.03

Relative strength over 90 days: USDT outperformed MONEY by 49.0% — measured on the MONEY/USDT ratio, so it holds regardless of market direction.

own.money →Tether →