QORA vs Tether

Tether (USDT) is 535607.1× the size of QORA (Q) by market capitalisation. Over the past 30 days, Q is ahead by 47.7 percentage points (Q +47.7% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.16 across 27 shared trading days). Q has been the more volatile of the two, at 70% annualised against USDT's 1%.

Correlation: -0.16
Size ratio: 1 : 535607.1
Ahead over 30 days: Q

QORAQ

$0.003093

24h: +2.71%
Market cap: $331,451
Volume 24h: $9,128
Volatility (ann.): 70%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

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

Performance

QUSDT

7 days-3.41%+0.03%USDT
30 days+47.67%-0.04%Q

Correlation

-0.16over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	Q	USDT
Max drawdown (400d)	-8.7%	-0.2%
Risk-adjusted return (90d)	0.57	0.03

Relative strength over 90 days: Q outperformed USDT by 40.1% — measured on the Q/USDT ratio, so it holds regardless of market direction.

QORA →Tether →