SwarmBase vs Tether

SwarmBase (SWARM) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 22.1 percentage points (SWARM -22.2% against USDT -0.1%). Their daily returns move barely together (correlation 0.20 across 21 shared trading days). SWARM has been the more volatile of the two, at 83% annualised against USDT's 1%.

Correlation: 0.20
Ahead over 30 days: USDT

SwarmBaseSWARM

$0.078945

24h: +4.54%
Market cap: —
Volume 24h: $1.79M
Volatility (ann.): 83%

TetherUSDT

$0.999272

24h: +0.04%
Market cap: $178.24B
Volume 24h: $58.30B
Volatility (ann.): 1%

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

Performance

SWARMUSDT

7 days-18.33%+0.03%USDT
30 days-22.17%-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	SWARM	USDT
Max drawdown (400d)	-25.9%	-0.2%
Risk-adjusted return (90d)	-0.27	-0.03

Relative strength over 90 days: USDT outperformed SWARM by 24.1% — measured on the SWARM/USDT ratio, so it holds regardless of market direction.

SwarmBase →Tether →