Solomon USDv vs Tether

Tether (USDT) is 20375.0× the size of Solomon USDv (USDV) by market capitalisation. Over the past 30 days, USDV is ahead by 0.2 percentage points (USDV +0.1% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.09 across 29 shared trading days). USDV has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: -0.09
Size ratio: 1 : 20375.0
Ahead over 30 days: USDV

Solomon USDvUSDV

$0.998446

24h: -0.15%
Market cap: $8.75M
Volume 24h: $234,540
Volatility (ann.): 2%

TetherUSDT

$0.999322

24h: +0.04%
Market cap: $178.25B
Volume 24h: $63.51B
Volatility (ann.): 1%

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

Performance

USDVUSDT

7 days+0.00%+0.03%USDT
30 days+0.13%-0.04%USDV

Correlation

-0.09over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	USDV	USDT
Max drawdown (400d)	-0.5%	-0.2%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: USDV outperformed USDT by 0.1% — measured on the USDV/USDT ratio, so it holds regardless of market direction.

Solomon USDv →Tether →