Seedless Wallet vs Tether

Tether (USDT) is 34396172.4× the size of Seedless Wallet (SEED) by market capitalisation. Over the past 30 days, USDT is ahead by 83.4 percentage points (SEED -83.5% against USDT -0.1%). Their daily returns move barely together (correlation 0.04 across 24 shared trading days). SEED has been the more volatile of the two, at 235% annualised against USDT's 1%.

Correlation: 0.04
Size ratio: 1 : 34396172.4
Ahead over 30 days: USDT

Seedless WalletSEED

$5.160e-6

24h: +21.73%
Market cap: $5,162
Volume 24h: $520
Volatility (ann.): 235%

TetherUSDT

$0.998980

24h: -0.05%
Market cap: $177.57B
Volume 24h: $69.59B
Volatility (ann.): 1%

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

Performance

SEEDUSDT

7 days-40.77%+0.07%USDT
30 days-83.52%-0.09%USDT

Correlation

0.04over 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	SEED	USDT
Max drawdown (400d)	-88.5%	-0.2%
Risk-adjusted return (90d)	-0.36	-0.05

Relative strength over 90 days: USDT outperformed SEED by 80.8% — measured on the SEED/USDT ratio, so it holds regardless of market direction.

Seedless Wallet →Tether →