Smart Pocket vs Tether

Smart Pocket (SP) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 37.3 percentage points (SP -37.4% against USDT -0.0%). Their daily returns move barely together (correlation 0.19 across 20 shared trading days). SP has been the more volatile of the two, at 218% annualised against USDT's 1%.

Correlation: 0.19
Ahead over 30 days: USDT

Smart PocketSP

$7.060e-6

24h: +13.05%
Market cap: —
Volume 24h: $734
Volatility (ann.): 218%

TetherUSDT

$0.999411

24h: +0.05%
Market cap: $178.27B
Volume 24h: $63.38B
Volatility (ann.): 1%

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

Performance

SPUSDT

7 days-5.09%+0.03%USDT
30 days-37.35%-0.04%USDT

Correlation

0.19over 20 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	SP	USDT
Max drawdown (400d)	-61.1%	-0.2%
Risk-adjusted return (90d)	-0.17	0.03

Relative strength over 90 days: USDT outperformed SP by 14.9% — measured on the SP/USDT ratio, so it holds regardless of market direction.

Smart Pocket →Tether →