Tether (USDT) is 822.9× the size of STONK (STONK) by market capitalisation. Over the past 30 days, STONK is ahead by 2768.7 percentage points (STONK +2768.7% against USDT +0.0%). Their daily returns move barely together (correlation 0.00 across 30 shared trading days). STONK has been the more volatile of the two, at 1062% annualised against USDT's 0%.
| Period | STONK | USDT | Ahead |
|---|---|---|---|
| 7 days | -12.06% | -0.01% | USDT |
| 30 days | +2768.73% | +0.05% | STONK |
| Metric | STONK | USDT |
|---|---|---|
| Max drawdown (400d) | -42.1% | -0.0% |
| Risk-adjusted return (90d) | 2.61 | 0.19 |
Relative strength over 90 days: STONK outperformed USDT by 2903.0% — measured on the STONK/USDT ratio, so it holds regardless of market direction.
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.