QuiverX vs Tether

Tether (USDT) is 479556.1× the size of QuiverX (QRX) by market capitalisation. Over the past 30 days, USDT is ahead by 21.5 percentage points (QRX -21.5% against USDT -0.0%). Their daily returns move loosely together (correlation 0.41 across 24 shared trading days). QRX has been the more volatile of the two, at 59% annualised against USDT's 1%.

Correlation: 0.41
Size ratio: 1 : 479556.1
Ahead over 30 days: USDT

QuiverXQRX

$0.003892

24h: +6.55%
Market cap: $371,736
Volume 24h: $852
Volatility (ann.): 59%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

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

Performance

QRXUSDT

7 days-1.51%+0.03%USDT
30 days-21.52%-0.04%USDT

Correlation

0.41over 24 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	QRX	USDT
Max drawdown (400d)	-29.0%	-0.2%
Risk-adjusted return (90d)	-0.37	0.03

Relative strength over 90 days: USDT outperformed QRX by 16.7% — measured on the QRX/USDT ratio, so it holds regardless of market direction.

QuiverX →Tether →