Thorstarter vs Tether

Tether (USDT) is 1170956.8× the size of Thorstarter (XRUNE) by market capitalisation. Over the past 30 days, USDT is ahead by 11.7 percentage points (XRUNE -11.7% against USDT -0.0%). Their daily returns move barely together (correlation 0.28 across 22 shared trading days). XRUNE has been the more volatile of the two, at 54% annualised against USDT's 1%.

Correlation: 0.28
Size ratio: 1 : 1170956.8
Ahead over 30 days: USDT

ThorstarterXRUNE

$0.000321

24h: —
Market cap: $152,267
Volume 24h: —
Volatility (ann.): 54%

TetherUSDT

$0.999576

24h: +0.07%
Market cap: $178.30B
Volume 24h: $57.75B
Volatility (ann.): 1%

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

Performance

XRUNEUSDT

7 days+1.81%+0.03%XRUNE
30 days-11.73%-0.04%USDT

Correlation

0.28over 22 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	XRUNE	USDT
Max drawdown (400d)	-21.4%	-0.2%
Risk-adjusted return (90d)	-0.27	0.03

Relative strength over 90 days: USDT outperformed XRUNE by 2.9% — measured on the XRUNE/USDT ratio, so it holds regardless of market direction.

Thorstarter →Tether →