Tether (USDT) is 1455.3× the size of Sentient (SENT) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 31 shared trading days). SENT has been the more volatile of the two, at 122% annualised against USDT's 0%.
| Period | SENT | USDT | Ahead |
|---|---|---|---|
| 7 days | +29.25% | -0.01% | SENT |
| 30 days | +45.79% | +0.05% | SENT |
| 90 days | +23.75% | — | — |
| Metric | SENT | USDT |
|---|---|---|
| Max drawdown (400d) | -75.8% | -0.0% |
| Risk-adjusted return (90d) | 0.25 | 0.19 |
Relative strength over 90 days: SENT outperformed USDT by 18.9% — measured on the SENT/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.