RIBBIT vs Tether

Tether (USDT) is 25545008.3× the size of RIBBIT (RIBBIT) by market capitalisation. Over the past 30 days, RIBBIT is ahead by 493.4 percentage points (RIBBIT +493.4% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 24 shared trading days). RIBBIT has been the more volatile of the two, at 4662% annualised against USDT's 1%.

Correlation: -0.02
Size ratio: 1 : 25545008.3
Ahead over 30 days: RIBBIT

RIBBITRIBBIT

$6.980e-6

24h: +4.14%
Market cap: $6,979
Volume 24h: $22
Volatility (ann.): 4662%

TetherUSDT

$0.999510

24h: +0.06%
Market cap: $178.28B
Volume 24h: $57.45B
Volatility (ann.): 1%

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

Performance

RIBBITUSDT

7 days-20.98%+0.03%USDT
30 days+493.35%-0.04%RIBBIT

Correlation

-0.02over 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	RIBBIT	USDT
Max drawdown (400d)	-79.0%	-0.2%
Risk-adjusted return (90d)	0.02	0.03

Relative strength over 90 days: RIBBIT outperformed USDT by 10.8% — measured on the RIBBIT/USDT ratio, so it holds regardless of market direction.

RIBBIT →Tether →