The Pygmy Hippo vs Tether

Tether (USDT) is 26350744.1× the size of The Pygmy Hippo (TINYTANK) by market capitalisation. Over the past 30 days, USDT is ahead by 27.5 percentage points (TINYTANK -27.6% against USDT -0.0%). Their daily returns move barely together (correlation 0.31 across 23 shared trading days). TINYTANK has been the more volatile of the two, at 47% annualised against USDT's 1%.

Correlation: 0.31
Size ratio: 1 : 26350744.1
Ahead over 30 days: USDT

The Pygmy HippoTINYTANK

$6.910e-6

24h: +3.97%
Market cap: $6,737
Volume 24h: $4
Volatility (ann.): 47%

TetherUSDT

$0.998994

24h: -0.04%
Market cap: $177.52B
Volume 24h: $62.28B
Volatility (ann.): 1%

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

Performance

TINYTANKUSDT

7 days-7.54%+0.03%USDT
30 days-27.57%-0.04%USDT

Correlation

0.31over 23 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	TINYTANK	USDT
Max drawdown (400d)	-33.9%	-0.2%
Risk-adjusted return (90d)	-0.68	0.03

Relative strength over 90 days: USDT outperformed TINYTANK by 17.1% — measured on the TINYTANK/USDT ratio, so it holds regardless of market direction.

The Pygmy Hippo →Tether →