SAID Protocol vs Tether

Tether (USDT) is 1778375.9× the size of SAID Protocol (SAID) by market capitalisation. Over the past 30 days, USDT is ahead by 42.3 percentage points (SAID -42.3% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). SAID has been the more volatile of the two, at 389% annualised against USDT's 1%.

Correlation: -0.06
Size ratio: 1 : 1778375.9
Ahead over 30 days: USDT

SAID ProtocolSAID

$0.000101

24h: +43.86%
Market cap: $100,253
Volume 24h: $7,139
Volatility (ann.): 389%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

SAIDUSDT

7 days-2.24%+0.03%USDT
30 days-42.29%-0.04%USDT

Correlation

-0.06over 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	SAID	USDT
Max drawdown (400d)	-68.2%	-0.2%
Risk-adjusted return (90d)	-0.05	0.03

Relative strength over 90 days: USDT outperformed SAID by 42.0% — measured on the SAID/USDT ratio, so it holds regardless of market direction.

SAID Protocol →Tether →