Solanium vs Tether

Tether (USDT) is 460813.8× the size of Solanium (SLIM) by market capitalisation. Over the past 30 days, USDT is ahead by 21.8 percentage points (SLIM -21.8% against USDT -0.0%). Their daily returns move loosely together (correlation 0.36 across 24 shared trading days). SLIM has been the more volatile of the two, at 44% annualised against USDT's 1%.

Correlation: 0.36
Size ratio: 1 : 460813.8
Ahead over 30 days: USDT

SolaniumSLIM

$0.003869

24h: +4.13%
Market cap: $386,866
Volume 24h: $220
Volatility (ann.): 44%

TetherUSDT

$0.999436

24h: +0.06%
Market cap: $178.27B
Volume 24h: $57.38B
Volatility (ann.): 1%

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

Performance

SLIMUSDT

7 days-7.65%+0.03%USDT
30 days-21.80%-0.04%USDT

Correlation

0.36over 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	SLIM	USDT
Max drawdown (400d)	-24.6%	-0.2%
Risk-adjusted return (90d)	-0.47	0.03

Relative strength over 90 days: USDT outperformed SLIM by 13.3% — measured on the SLIM/USDT ratio, so it holds regardless of market direction.

Solanium →Tether →