Tether vs LEO Token

Tether (USDT) is 20.8× the size of LEO Token (LEO) by market capitalisation. Over the past 30 days, LEO is ahead by 2.2 percentage points (USDT -0.1% against LEO +2.1%). Their daily returns move barely together (correlation 0.02 across 58 shared trading days). LEO has been the more volatile of the two, at 21% annualised against USDT's 1%.

Correlation: 0.02
Size ratio: 20.8×
Ahead over 30 days: LEO

TetherUSDT

$0.998838

24h: +0.02%
Market cap: $178.17B
Volume 24h: $47.48B
Volatility (ann.): 1%

LEO TokenLEO

$9.3000

24h: -0.01%
Market cap: $8.56B
Volume 24h: $178,881
Volatility (ann.): 21%

USDT 95.4%Share of the two combined market caps4.6% LEO

Performance

USDTLEO

7 days+0.03%+2.76%LEO
30 days-0.08%+2.09%LEO

Correlation

0.02over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	USDT	LEO
Max drawdown (400d)	-0.2%	-8.8%
Risk-adjusted return (90d)	-0.03	-0.02

Relative strength over 90 days: USDT outperformed LEO by 0.3% — measured on the USDT/LEO ratio, so it holds regardless of market direction.

Tether →LEO Token →