Select vs Tether

Tether (USDT) is 1649725.4× the size of Select (SELECT) by market capitalisation. Over the past 30 days, USDT is ahead by 17.0 percentage points (SELECT -17.1% against USDT -0.0%). Their daily returns move barely together (correlation 0.03 across 24 shared trading days). SELECT has been the more volatile of the two, at 92% annualised against USDT's 1%.

Correlation: 0.03
Size ratio: 1 : 1649725.4
Ahead over 30 days: USDT

SelectSELECT

$0.000299

24h: +10.08%
Market cap: $108,065
Volume 24h: $3,406
Volatility (ann.): 92%

TetherUSDT

$0.999461

24h: +0.05%
Market cap: $178.28B
Volume 24h: $56.82B
Volatility (ann.): 1%

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

Performance

SELECTUSDT

7 days-2.05%+0.03%USDT
30 days-17.08%-0.04%USDT

Correlation

0.03over 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	SELECT	USDT
Max drawdown (400d)	-30.7%	-0.2%
Risk-adjusted return (90d)	-0.22	0.03

Relative strength over 90 days: USDT outperformed SELECT by 5.8% — measured on the SELECT/USDT ratio, so it holds regardless of market direction.

Select →Tether →