STEAM vs Tether

Tether (USDT) is 238320.2× the size of STEAM (STEAM) by market capitalisation. Over the past 30 days, STEAM is ahead by 60.8 percentage points (STEAM +60.7% against USDT -0.1%). Their daily returns move barely together (correlation 0.33 across 20 shared trading days). STEAM has been the more volatile of the two, at 112% annualised against USDT's 1%.

Correlation: 0.33
Size ratio: 1 : 238320.2
Ahead over 30 days: STEAM

STEAMSTEAM

$0.002518

24h: -3.07%
Market cap: $747,721
Volume 24h: $626
Volatility (ann.): 112%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

STEAMUSDT

7 days+10.66%+0.03%STEAM
30 days+60.75%-0.08%STEAM

Correlation

0.33over 20 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	STEAM	USDT
Max drawdown (400d)	-11.4%	-0.2%
Risk-adjusted return (90d)	0.54	-0.03

Relative strength over 90 days: STEAM outperformed USDT by 81.4% — measured on the STEAM/USDT ratio, so it holds regardless of market direction.

STEAM →Tether →