Rupiah Token vs Tether

Tether (USDT) is 19791.7× the size of Rupiah Token (IDRT) by market capitalisation. Over the past 30 days, USDT is ahead by 2.8 percentage points (IDRT -2.9% against USDT -0.1%). Their daily returns move barely together (correlation 0.25 across 27 shared trading days). IDRT has been the more volatile of the two, at 30% annualised against USDT's 1%.

Correlation: 0.25
Size ratio: 1 : 19791.7
Ahead over 30 days: USDT

Rupiah TokenIDRT

$5.180e-5

24h: +0.00%
Market cap: $9.01M
Volume 24h: —
Volatility (ann.): 30%

TetherUSDT

$0.999272

24h: +0.04%
Market cap: $178.24B
Volume 24h: $58.30B
Volatility (ann.): 1%

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

Performance

IDRTUSDT

7 days-2.10%+0.03%USDT
30 days-2.90%-0.08%USDT

Correlation

0.25over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	IDRT	USDT
Max drawdown (400d)	-7.6%	-0.2%
Risk-adjusted return (90d)	-0.08	-0.03

Relative strength over 90 days: USDT outperformed IDRT by 2.4% — measured on the IDRT/USDT ratio, so it holds regardless of market direction.

Rupiah Token →Tether →