Tether (USDT) is 1363.4× the size of Seeker (SKR) by market capitalisation. Over the past 30 days, SKR is ahead by 151.1 percentage points (SKR +151.1% against USDT +0.0%). Their daily returns move barely in opposite directions (correlation -0.15 across 30 shared trading days). SKR has been the more volatile of the two, at 380% annualised against USDT's 0%.
| Period | SKR | USDT | Ahead |
|---|---|---|---|
| 7 days | -15.99% | -0.01% | USDT |
| 30 days | +151.15% | +0.05% | SKR |
| Metric | SKR | USDT |
|---|---|---|
| Max drawdown (400d) | -37.4% | -0.0% |
| Risk-adjusted return (90d) | 0.40 | 0.19 |
Relative strength over 90 days: SKR outperformed USDT by 152.3% — measured on the SKR/USDT ratio, so it holds regardless of market direction.
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.