StandX DUSD vs Tether

Tether (USDT) is 25700.8× the size of StandX DUSD (DUSD) by market capitalisation. Over the past 30 days, USDT is ahead by 0.2 percentage points (DUSD -0.3% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.16 across 50 shared trading days). DUSD has been the more volatile of the two, at 1% annualised against USDT's 1%.

Correlation: -0.16
Size ratio: 1 : 25700.8
Ahead over 30 days: USDT

StandX DUSDDUSD

$0.994021

24h: -0.28%
Market cap: $6.94M
Volume 24h: $359,080
Volatility (ann.): 1%

TetherUSDT

$0.999263

24h: +0.04%
Market cap: $178.24B
Volume 24h: $60.48B
Volatility (ann.): 1%

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

Performance

DUSDUSDT

7 days-0.26%+0.03%USDT
30 days-0.31%-0.08%USDT

Correlation

-0.16over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	DUSD	USDT
Max drawdown (400d)	-0.4%	-0.2%
Risk-adjusted return (90d)	-0.26	-0.03

Relative strength over 90 days: USDT outperformed DUSD by 0.3% — measured on the DUSD/USDT ratio, so it holds regardless of market direction.

StandX DUSD →Tether →