SCOIN vs Tether

Tether (USDT) is 31357434.8× the size of SCOIN (SCOIN) by market capitalisation. Over the past 30 days, USDT is ahead by 20.5 percentage points (SCOIN -20.5% against USDT -0.0%). Their daily returns move barely together (correlation 0.29 across 23 shared trading days). SCOIN has been the more volatile of the two, at 38% annualised against USDT's 1%.

Correlation: 0.29
Size ratio: 1 : 31357434.8
Ahead over 30 days: USDT

SCOINSCOIN

$2.645e-5

24h: +3.29%
Market cap: $5,685
Volume 24h: $23
Volatility (ann.): 38%

TetherUSDT

$0.999442

24h: +0.05%
Market cap: $178.27B
Volume 24h: $57.26B
Volatility (ann.): 1%

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

Performance

SCOINUSDT

7 days-6.67%+0.03%USDT
30 days-20.52%-0.04%USDT

Correlation

0.29over 23 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	SCOIN	USDT
Max drawdown (400d)	-23.1%	-0.2%
Risk-adjusted return (90d)	-0.48	0.03

Relative strength over 90 days: USDT outperformed SCOIN by 11.3% — measured on the SCOIN/USDT ratio, so it holds regardless of market direction.

SCOIN →Tether →