The Eagle vs Tether

Tether (USDT) is 19188057.2× the size of The Eagle (EAGLE) by market capitalisation. Over the past 30 days, USDT is ahead by 31.1 percentage points (EAGLE -31.2% against USDT -0.0%). Their daily returns move loosely together (correlation 0.49 across 24 shared trading days). EAGLE has been the more volatile of the two, at 77% annualised against USDT's 1%.

Correlation: 0.49
Size ratio: 1 : 19188057.2
Ahead over 30 days: USDT

The EagleEAGLE

$9.250e-6

24h: —
Market cap: $9,252
Volume 24h: $10
Volatility (ann.): 77%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

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

Performance

EAGLEUSDT

7 days-20.19%+0.03%USDT
30 days-31.18%-0.04%USDT

Correlation

0.49over 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	EAGLE	USDT
Max drawdown (400d)	-37.6%	-0.2%
Risk-adjusted return (90d)	-0.40	0.03

Relative strength over 90 days: USDT outperformed EAGLE by 25.1% — measured on the EAGLE/USDT ratio, so it holds regardless of market direction.

The Eagle →Tether →