Startale USD vs Tether

Tether (USDT) is 44226.7× the size of Startale USD (USDSC) by market capitalisation. Over the past 30 days, USDT is ahead by 0.2 percentage points (USDSC -0.3% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.20 across 21 shared trading days). USDSC has been the more volatile of the two, at 3% annualised against USDT's 1%.

Correlation: -0.20
Size ratio: 1 : 44226.7
Ahead over 30 days: USDT

Startale USDUSDSC

$0.991543

24h: -0.61%
Market cap: $4.03M
Volume 24h: $41,878
Volatility (ann.): 3%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

USDSCUSDT

7 days-0.20%+0.03%USDT
30 days-0.29%-0.08%USDT

Correlation

-0.20over 21 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	USDSC	USDT
Max drawdown (400d)	-0.4%	-0.2%
Risk-adjusted return (90d)	-0.09	-0.03

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

Startale USD →Tether →