Abyss vs Tether

Tether (USDT) is 235953.8× the size of Abyss (ABYSS) by market capitalisation. Over the past 30 days, USDT is ahead by 17.1 percentage points (ABYSS -17.2% against USDT -0.1%). Their daily returns move loosely together (correlation 0.43 across 25 shared trading days). ABYSS has been the more volatile of the two, at 22685% annualised against USDT's 1%.

Correlation: 0.43
Size ratio: 1 : 235953.8
Ahead over 30 days: USDT

AbyssABYSS

$0.003297

24h: -2.15%
Market cap: $755,220
Volume 24h: $34,157
Volatility (ann.): 22685%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

ABYSSUSDT

7 days-27.88%+0.03%USDT
30 days-17.16%-0.08%USDT

Correlation

0.43over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	ABYSS	USDT
Max drawdown (400d)	-99.0%	-0.2%
Risk-adjusted return (90d)	0.00	-0.03

Relative strength over 90 days: USDT outperformed ABYSS by 11.9% — measured on the ABYSS/USDT ratio, so it holds regardless of market direction.

Abyss →Tether →