Tokabu vs Tether

Tether (USDT) is 18632035.0× the size of Tokabu (TOKABU) by market capitalisation. Over the past 30 days, TOKABU is ahead by 9.0 percentage points (TOKABU +8.9% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.26 across 23 shared trading days). TOKABU has been the more volatile of the two, at 875% annualised against USDT's 1%.

Correlation: -0.26
Size ratio: 1 : 18632035.0
Ahead over 30 days: TOKABU

TokabuTOKABU

$2.278e-14

24h: —
Market cap: $9,569
Volume 24h: —
Volatility (ann.): 875%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

TOKABUUSDT

7 days+19.56%+0.03%TOKABU
30 days+8.94%-0.04%TOKABU

Correlation

-0.26over 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	TOKABU	USDT
Max drawdown (400d)	-75.5%	-0.2%
Risk-adjusted return (90d)	-0.02	0.03

Relative strength over 90 days: TOKABU outperformed USDT by 82.8% — measured on the TOKABU/USDT ratio, so it holds regardless of market direction.

Tokabu →Tether →