SwarmNode.ai vs Tether

Tether (USDT) is 1228210.3× the size of SwarmNode.ai (SNAI) by market capitalisation. Over the past 30 days, USDT is ahead by 24.4 percentage points (SNAI -24.5% against USDT -0.0%). Their daily returns move barely together (correlation 0.33 across 24 shared trading days). SNAI has been the more volatile of the two, at 77% annualised against USDT's 1%.

Correlation: 0.33
Size ratio: 1 : 1228210.3
Ahead over 30 days: USDT

SwarmNode.aiSNAI

$0.000145

24h: +3.12%
Market cap: $145,166
Volume 24h: $29
Volatility (ann.): 77%

TetherUSDT

$0.999555

24h: +0.05%
Market cap: $178.29B
Volume 24h: $57.16B
Volatility (ann.): 1%

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

Performance

SNAIUSDT

7 days-6.52%+0.03%USDT
30 days-24.45%-0.04%USDT

Correlation

0.33over 24 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	SNAI	USDT
Max drawdown (400d)	-35.4%	-0.2%
Risk-adjusted return (90d)	-0.32	0.03

Relative strength over 90 days: USDT outperformed SNAI by 18.3% — measured on the SNAI/USDT ratio, so it holds regardless of market direction.

SwarmNode.ai →Tether →