Quantoz USDQ vs Tether

Tether (USDT) is 393245.9× the size of Quantoz USDQ (USDQ) by market capitalisation. Over the past 30 days, USDQ is ahead by 0.0 percentage points (USDQ -0.1% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.06 across 32 shared trading days). USDQ has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: -0.06
Size ratio: 1 : 393245.9
Ahead over 30 days: USDQ

Quantoz USDQUSDQ

$0.998129

24h: +0.00%
Market cap: $453,144
Volume 24h: $4.62M
Volatility (ann.): 2%

TetherUSDT

$0.999009

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

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

Performance

USDQUSDT

7 days-0.10%+0.03%USDT
30 days-0.07%-0.08%USDQ

Correlation

-0.06over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	USDQ	USDT
Max drawdown (400d)	-0.2%	-0.2%
Risk-adjusted return (90d)	-0.03	-0.03

Relative strength over 90 days: USDQ outperformed USDT by 0.0% — measured on the USDQ/USDT ratio, so it holds regardless of market direction.

Quantoz USDQ →Tether →