Rope Token vs Tether

Tether (USDT) is 22735713.5× the size of Rope Token (ROPE) by market capitalisation. Over the past 30 days, USDT is ahead by 10.0 percentage points (ROPE -10.1% against USDT -0.0%). Their daily returns move loosely together (correlation 0.40 across 24 shared trading days). ROPE has been the more volatile of the two, at 18% annualised against USDT's 1%.

Correlation: 0.40
Size ratio: 1 : 22735713.5
Ahead over 30 days: USDT

Rope TokenROPE

$0.001248

24h: +1.61%
Market cap: $7,842
Volume 24h: $22
Volatility (ann.): 18%

TetherUSDT

$0.999555

24h: +0.05%
Market cap: $178.29B
Volume 24h: $57.16B
Volatility (ann.): 1%

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

Performance

ROPEUSDT

7 days-3.35%+0.03%USDT
30 days-10.07%-0.04%USDT

Correlation

0.40over 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	ROPE	USDT
Max drawdown (400d)	-11.9%	-0.2%
Risk-adjusted return (90d)	-0.53	0.03

Relative strength over 90 days: USDT outperformed ROPE by 6.2% — measured on the ROPE/USDT ratio, so it holds regardless of market direction.

Rope Token →Tether →