Salvor vs Tether

Tether (USDT) is 370979.2× the size of Salvor (ART) by market capitalisation. Over the past 30 days, USDT is ahead by 40.7 percentage points (ART -40.8% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.23 across 24 shared trading days). ART has been the more volatile of the two, at 124% annualised against USDT's 1%.

Correlation: -0.23
Size ratio: 1 : 370979.2
Ahead over 30 days: USDT

SalvorART

$0.003003

24h: —
Market cap: $480,549
Volume 24h: —
Volatility (ann.): 124%

TetherUSDT

$0.999439

24h: +0.04%
Market cap: $178.27B
Volume 24h: $57.39B
Volatility (ann.): 1%

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

Performance

ARTUSDT

7 days+11.34%+0.03%ART
30 days-40.77%-0.04%USDT

Correlation

-0.23over 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	ART	USDT
Max drawdown (400d)	-51.9%	-0.2%
Risk-adjusted return (90d)	-0.32	0.03

Relative strength over 90 days: USDT outperformed ART by 27.4% — measured on the ART/USDT ratio, so it holds regardless of market direction.

Salvor →Tether →