Tether (USDT) is 2844.4× the size of Rootstock Infrastructure Framework (RIF) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 58 shared trading days). RIF has been the more volatile of the two, at 156% annualised against USDT's 1%.
$0.063100
RIFUSDT
0.24over 58 shared trading days
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.
| Metric | RIF | USDT |
|---|---|---|
| Max drawdown (400d) | -55.8% | -0.2% |
| Risk-adjusted return (90d) | -0.18 | -0.03 |
| Best 30 days (past year) | +136.1% | — |
| Worst 30 days (past year) | -51.7% | — |
Relative strength over 90 days: USDT outperformed RIF by 15.4% — measured on the RIF/USDT ratio, so it holds regardless of market direction.