Space Token vs Tether

Tether (USDT) is 897611.7× the size of Space Token (SPACE) by market capitalisation. Over the past 30 days, USDT is ahead by 20.0 percentage points (SPACE -20.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.24 across 24 shared trading days). SPACE has been the more volatile of the two, at 56% annualised against USDT's 1%.

Correlation: 0.24
Size ratio: 1 : 897611.7
Ahead over 30 days: USDT

Space TokenSPACE

$0.001651

24h: +5.35%
Market cap: $197,836
Volume 24h: $2,303
Volatility (ann.): 56%

TetherUSDT

$0.999324

24h: +0.01%
Market cap: $177.58B
Volume 24h: $57.97B
Volatility (ann.): 1%

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

Performance

SPACEUSDT

7 days-1.03%+0.03%USDT
30 days-20.03%-0.04%USDT

Correlation

0.24over 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	SPACE	USDT
Max drawdown (400d)	-27.2%	-0.2%
Risk-adjusted return (90d)	-0.40	0.03

Relative strength over 90 days: USDT outperformed SPACE by 13.1% — measured on the SPACE/USDT ratio, so it holds regardless of market direction.

Space Token →Tether →