Reserve AI Photonics DTF vs Tether

Tether (USDT) is 87902.3× the size of Reserve AI Photonics DTF (PHOTON) by market capitalisation. Over the past 30 days, PHOTON is ahead by 0.3 percentage points (PHOTON +0.2% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.02 across 20 shared trading days). PHOTON has been the more volatile of the two, at 63% annualised against USDT's 1%.

Correlation: -0.02
Size ratio: 1 : 87902.3
Ahead over 30 days: PHOTON

Reserve AI Photonics DTFPHOTON

$63.0900

24h: +0.01%
Market cap: $2.03M
Volume 24h: $60,318
Volatility (ann.): 63%

TetherUSDT

$0.999031

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.20B
Volatility (ann.): 1%

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

Performance

PHOTONUSDT

7 days-5.31%+0.03%USDT
30 days+0.23%-0.08%PHOTON

Correlation

-0.02over 20 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	PHOTON	USDT
Max drawdown (400d)	-13.0%	-0.2%
Risk-adjusted return (90d)	0.00	-0.03

Relative strength over 90 days: PHOTON outperformed USDT by 0.3% — measured on the PHOTON/USDT ratio, so it holds regardless of market direction.

Reserve AI Photonics DTF →Tether →