Solana Spaces vs Tether

Tether (USDT) is 2489319.1× the size of Solana Spaces (STORE) by market capitalisation. Over the past 30 days, USDT is ahead by 21.0 percentage points (STORE -21.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.09 across 24 shared trading days). STORE has been the more volatile of the two, at 56% annualised against USDT's 1%.

Correlation: 0.09
Size ratio: 1 : 2489319.1
Ahead over 30 days: USDT

Solana SpacesSTORE

$7.365e-5

24h: —
Market cap: $71,621
Volume 24h: $102
Volatility (ann.): 56%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

STOREUSDT

7 days-5.50%+0.03%USDT
30 days-20.99%-0.04%USDT

Correlation

0.09over 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	STORE	USDT
Max drawdown (400d)	-24.4%	-0.2%
Risk-adjusted return (90d)	-0.23	0.03

Relative strength over 90 days: USDT outperformed STORE by 11.7% — measured on the STORE/USDT ratio, so it holds regardless of market direction.

Solana Spaces →Tether →