THE WORD vs Tether

THE WORD (TWD) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 18.2 percentage points (TWD -18.2% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 23 shared trading days). TWD has been the more volatile of the two, at 36% annualised against USDT's 1%.

Correlation: -0.04
Ahead over 30 days: USDT

THE WORDTWD

$2.040e-6

24h: +0.73%
Market cap: —
Volume 24h: $2
Volatility (ann.): 36%

TetherUSDT

$0.999328

24h: +0.02%
Market cap: $178.25B
Volume 24h: $63.28B
Volatility (ann.): 1%

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

Performance

TWDUSDT

7 days-7.42%+0.03%USDT
30 days-18.25%-0.08%USDT

Correlation

-0.04over 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	TWD	USDT
Max drawdown (400d)	-18.3%	-0.2%
Risk-adjusted return (90d)	-0.46	-0.03

Relative strength over 90 days: USDT outperformed TWD by 13.1% — measured on the TWD/USDT ratio, so it holds regardless of market direction.

THE WORD →Tether →