RealBriefly vs Tether

Tether (USDT) is 252452.6× the size of RealBriefly (REAL) by market capitalisation. Over the past 30 days, USDT is ahead by 56.6 percentage points (REAL -56.7% against USDT -0.1%). Their daily returns move barely together (correlation 0.15 across 28 shared trading days). REAL has been the more volatile of the two, at 209% annualised against USDT's 1%.

Correlation: 0.15
Size ratio: 1 : 252452.6
Ahead over 30 days: USDT

RealBrieflyREAL

$0.000706

24h: -3.23%
Market cap: $705,830
Volume 24h: $78,028
Volatility (ann.): 209%

TetherUSDT

$0.998962

24h: +0.03%
Market cap: $178.19B
Volume 24h: $51.36B
Volatility (ann.): 1%

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

Performance

REALUSDT

7 days-37.12%+0.03%USDT
30 days-56.66%-0.08%USDT

Correlation

0.15over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	REAL	USDT
Max drawdown (400d)	-59.2%	-0.2%
Risk-adjusted return (90d)	-0.26	-0.03

Relative strength over 90 days: USDT outperformed REAL by 55.4% — measured on the REAL/USDT ratio, so it holds regardless of market direction.

RealBriefly →Tether →