TMC Corp vs Tether

Tether (USDT) is 5745011.4× the size of TMC Corp (TMC) by market capitalisation. Over the past 30 days, USDT is ahead by 29.3 percentage points (TMC -29.4% against USDT -0.1%). Their daily returns move barely together (correlation 0.26 across 21 shared trading days). TMC has been the more volatile of the two, at 59% annualised against USDT's 1%.

Correlation: 0.26
Size ratio: 1 : 5745011.4
Ahead over 30 days: USDT

TMC CorpTMC

$3.091e-5

24h: -6.92%
Market cap: $30,907
Volume 24h: $19
Volatility (ann.): 59%

TetherUSDT

$0.998954

24h: -0.04%
Market cap: $177.56B
Volume 24h: $67.70B
Volatility (ann.): 1%

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

Performance

TMCUSDT

7 days-5.81%+0.07%USDT
30 days-29.41%-0.09%USDT

Correlation

0.26over 21 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	TMC	USDT
Max drawdown (400d)	-34.3%	-0.2%
Risk-adjusted return (90d)	-0.49	-0.05

Relative strength over 90 days: USDT outperformed TMC by 19.1% — measured on the TMC/USDT ratio, so it holds regardless of market direction.

TMC Corp →Tether →