Robonomics Network vs Tether

Tether (USDT) is 1575880.1× the size of Robonomics Network (XRT) by market capitalisation. Over the past 30 days, XRT is ahead by 17.6 percentage points (XRT +17.5% against USDT -0.0%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). XRT has been the more volatile of the two, at 367% annualised against USDT's 1%.

Correlation: 0.03
Size ratio: 1 : 1575880.1
Ahead over 30 days: XRT

Robonomics NetworkXRT

$0.188426

24h: —
Market cap: $112,691
Volume 24h: $2
Volatility (ann.): 367%

TetherUSDT

$0.999367

24h: +0.02%
Market cap: $177.59B
Volume 24h: $56.60B
Volatility (ann.): 1%

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

Performance

XRTUSDT

7 days+11.45%+0.03%XRT
30 days+17.52%-0.04%XRT

Correlation

0.03over 23 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	XRT	USDT
Max drawdown (400d)	-44.0%	-0.2%
Risk-adjusted return (90d)	0.02	0.03

Relative strength over 90 days: XRT outperformed USDT by 18.8% — measured on the XRT/USDT ratio, so it holds regardless of market direction.

Robonomics Network →Tether →