Stable Coin vs Tether

Tether (USDT) is 9482.2× the size of Stable Coin (SBC) by market capitalisation. Over the past 30 days, SBC is ahead by 0.0 percentage points (SBC +0.0% against USDT -0.0%). Their daily returns move loosely together (correlation 0.44 across 29 shared trading days). SBC has been the more volatile of the two, at 4% annualised against USDT's 1%.

Correlation: 0.44
Size ratio: 1 : 9482.2
Ahead over 30 days: SBC

Stable CoinSBC

$0.998786

24h: -0.05%
Market cap: $18.80M
Volume 24h: $91
Volatility (ann.): 4%

TetherUSDT

$0.999382

24h: +0.04%
Market cap: $178.26B
Volume 24h: $63.30B
Volatility (ann.): 1%

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

Performance

SBCUSDT

7 days+0.02%+0.03%USDT
30 days+0.00%-0.04%SBC

Correlation

0.44over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	SBC	USDT
Max drawdown (400d)	-0.9%	-0.2%
Risk-adjusted return (90d)	0.00	0.03

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

Stable Coin →Tether →