something to believe in vs Tether

Tether (USDT) is 695549.9× the size of something to believe in (BELIEVE) by market capitalisation. Over the past 30 days, USDT is ahead by 36.7 percentage points (BELIEVE -36.7% against USDT -0.0%). Their daily returns move loosely in opposite directions (correlation -0.41 across 24 shared trading days). BELIEVE has been the more volatile of the two, at 148% annualised against USDT's 1%.

Correlation: -0.41
Size ratio: 1 : 695549.9
Ahead over 30 days: USDT

something to believe inBELIEVE

$0.000309

24h: +10.60%
Market cap: $256,326
Volume 24h: $5,053
Volatility (ann.): 148%

TetherUSDT

$0.999517

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

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

Performance

BELIEVEUSDT

7 days-0.96%+0.03%USDT
30 days-36.73%-0.04%USDT

Correlation

-0.41over 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	BELIEVE	USDT
Max drawdown (400d)	-55.9%	-0.2%
Risk-adjusted return (90d)	-0.27	0.03

Relative strength over 90 days: USDT outperformed BELIEVE by 27.7% — measured on the BELIEVE/USDT ratio, so it holds regardless of market direction.

something to believe in →Tether →