Tether (USDT) is 1683479.0× the size of ORE Network (ORE) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 36 shared trading days). ORE has been the more volatile of the two, at 60% annualised against USDT's 1%.
OREUSDT
0.52over 36 shared trading days
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.
| Metric | ORE | USDT |
|---|---|---|
| Max drawdown (400d) | -27.8% | -0.2% |
| Risk-adjusted return (90d) | 0.55 | 0.03 |
Relative strength over 90 days: ORE outperformed USDT by 25.6% — measured on the ORE/USDT ratio, so it holds regardless of market direction.