Tether (USDT) is 4661.6× the size of Teller (DEBIT) by market capitalisation. Over the past 30 days, DEBIT is ahead by 86.6 percentage points (DEBIT +86.7% against USDT +0.0%). Their daily returns move barely in opposite directions (correlation -0.29 across 20 shared trading days). DEBIT has been the more volatile of the two, at 362% annualised against USDT's 0%.
| Period | DEBIT | USDT | Ahead |
|---|---|---|---|
| 7 days | -34.69% | -0.01% | USDT |
| 30 days | +86.67% | +0.05% | DEBIT |
| Metric | DEBIT | USDT |
|---|---|---|
| Max drawdown (400d) | -34.7% | -0.0% |
| Risk-adjusted return (90d) | 0.24 | 0.19 |
Relative strength over 90 days: DEBIT outperformed USDT by 97.6% — measured on the DEBIT/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.