Samurai Starter vs Tether

Tether (USDT) is 6363348.2× the size of Samurai Starter (SAM) by market capitalisation. Over the past 30 days, SAM is ahead by 2.6 percentage points (SAM +2.5% against USDT -0.1%). Their daily returns move barely together (correlation 0.07 across 21 shared trading days). SAM has been the more volatile of the two, at 145% annualised against USDT's 1%.

Correlation: 0.07
Size ratio: 1 : 6363348.2
Ahead over 30 days: SAM

Samurai StarterSAM

$0.000282

24h: —
Market cap: $27,903
Volume 24h: —
Volatility (ann.): 145%

TetherUSDT

$0.998937

24h: -0.04%
Market cap: $177.56B
Volume 24h: $67.91B
Volatility (ann.): 1%

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

Performance

SAMUSDT

7 days-20.97%+0.07%USDT
30 days+2.49%-0.09%SAM

Correlation

0.07over 21 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	SAM	USDT
Max drawdown (400d)	-33.5%	-0.2%
Risk-adjusted return (90d)	0.02	-0.05

Relative strength over 90 days: SAM outperformed USDT by 3.6% — measured on the SAM/USDT ratio, so it holds regardless of market direction.

Samurai Starter →Tether →