Tether vs WhiteBIT Coin

Tether (USDT) is 20.0× the size of WhiteBIT Coin (WBT) by market capitalisation. Over the past 30 days, USDT is ahead by 6.7 percentage points (USDT -0.1% against WBT -6.8%). Their daily returns move barely together (correlation 0.29 across 58 shared trading days). WBT has been the more volatile of the two, at 59% annualised against USDT's 1%.

Correlation: 0.29
Size ratio: 20.0×
Ahead over 30 days: USDT

TetherUSDT

$0.998838

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

WhiteBIT CoinWBT

$74.9100

24h: +1.93%
Market cap: $8.89B
Volume 24h: $126.55M
Volatility (ann.): 59%

USDT 95.2%Share of the two combined market caps4.8% WBT

Performance

USDTWBT

7 days+0.03%-3.75%USDT
30 days-0.08%-6.78%USDT

Correlation

0.29over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5590d: 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	WBT
Max drawdown (400d)	-0.2%	-12.4%
Risk-adjusted return (90d)	-0.03	0.62

Relative strength over 90 days: WBT outperformed USDT by 26.9% — measured on the USDT/WBT ratio, so it holds regardless of market direction.

Tether →WhiteBIT Coin →