Shield vs Tether

Tether (USDT) is 6812093.1× the size of Shield (SHIELD) by market capitalisation. Over the past 30 days, USDT is ahead by 90.5 percentage points (SHIELD -90.5% against USDT -0.0%). Their daily returns move barely together (correlation 0.19 across 21 shared trading days). SHIELD has been the more volatile of the two, at 448% annualised against USDT's 0%.

Correlation: 0.19
Size ratio: 1 : 6812093.1
Ahead over 30 days: USDT

ShieldSHIELD

$2.641e-5

24h: -3.39%
Market cap: $26,406
Volume 24h: $2,810
Volatility (ann.): 448%

TetherUSDT

$0.998672

24h: -0.05%
Market cap: $179.88B
Volume 24h: $44.30B
Volatility (ann.): 0%

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

Performance

SHIELDUSDT

7 days-31.30%+0.01%USDT
30 days-90.53%-0.05%USDT

Correlation

0.19over 21 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	SHIELD	USDT
Max drawdown (400d)	-92.0%	-0.2%
Risk-adjusted return (90d)	-0.20	-0.02

Relative strength over 90 days: USDT outperformed SHIELD by 65.0% — measured on the SHIELD/USDT ratio, so it holds regardless of market direction.

Shield →Tether →