Solomon vs Tether

Tether (USDT) is 567682.7× the size of Solomon (SOL777) by market capitalisation. Over the past 30 days, SOL777 is ahead by 31.9 percentage points (SOL777 +31.8% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 24 shared trading days). SOL777 has been the more volatile of the two, at 334% annualised against USDT's 1%.

Correlation: -0.03
Size ratio: 1 : 567682.7
Ahead over 30 days: SOL777

SolomonSOL777

$0.000314

24h: +0.32%
Market cap: $314,028
Volume 24h: $510
Volatility (ann.): 334%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

SOL777 0.0%Share of the two combined market caps100.0% USDT

Performance

SOL777USDT

7 days+2.96%+0.03%SOL777
30 days+31.84%-0.04%SOL777

Correlation

-0.03over 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	SOL777	USDT
Max drawdown (400d)	-49.6%	-0.2%
Risk-adjusted return (90d)	0.14	0.03

Relative strength over 90 days: SOL777 outperformed USDT by 57.1% — measured on the SOL777/USDT ratio, so it holds regardless of market direction.

Solomon →Tether →