Solberg vs Tether

Tether (USDT) is 225291.0× the size of Solberg (SLB) by market capitalisation. Over the past 30 days, USDT is ahead by 2.8 percentage points (SLB -2.8% against USDT -0.1%). Their daily returns move loosely together (correlation 0.46 across 23 shared trading days). SLB has been the more volatile of the two, at 17% annualised against USDT's 1%.

Correlation: 0.46
Size ratio: 1 : 225291.0
Ahead over 30 days: USDT

SolbergSLB

$0.007910

24h: -0.44%
Market cap: $790,978
Volume 24h: $29
Volatility (ann.): 17%

TetherUSDT

$0.999031

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.20B
Volatility (ann.): 1%

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

Performance

SLBUSDT

7 days-4.66%+0.03%USDT
30 days-2.84%-0.08%USDT

Correlation

0.46over 23 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	SLB	USDT
Max drawdown (400d)	-5.1%	-0.2%
Risk-adjusted return (90d)	-0.15	-0.03

Relative strength over 90 days: USDT outperformed SLB by 2.4% — measured on the SLB/USDT ratio, so it holds regardless of market direction.

Solberg →Tether →