Strategy Coin vs Tether

Tether (USDT) is 89358.6× the size of Strategy Coin (STRATEGY) by market capitalisation. Over the past 30 days, USDT is ahead by 16.8 percentage points (STRATEGY -16.9% against USDT -0.1%). Their daily returns move barely together (correlation 0.27 across 23 shared trading days). STRATEGY has been the more volatile of the two, at 209% annualised against USDT's 1%.

Correlation: 0.27
Size ratio: 1 : 89358.6
Ahead over 30 days: USDT

Strategy CoinSTRATEGY

$0.001994

24h: -4.14%
Market cap: $1.99M
Volume 24h: $14,522
Volatility (ann.): 209%

TetherUSDT

$0.998845

24h: +0.01%
Market cap: $178.17B
Volume 24h: $49.77B
Volatility (ann.): 1%

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

Performance

STRATEGYUSDT

7 days+0.54%+0.03%STRATEGY
30 days-16.90%-0.08%USDT

Correlation

0.27over 23 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	STRATEGY	USDT
Max drawdown (400d)	-37.7%	-0.2%
Risk-adjusted return (90d)	-0.07	-0.03

Relative strength over 90 days: STRATEGY outperformed USDT by 10.7% — measured on the STRATEGY/USDT ratio, so it holds regardless of market direction.

Strategy Coin →Tether →