TON Community vs Tether

Tether (USDT) is 231023.5× the size of TON Community (TON) by market capitalisation. Over the past 30 days, USDT is ahead by 43.5 percentage points (TON -43.5% against USDT -0.1%). Their daily returns move loosely together (correlation 0.43 across 28 shared trading days). TON has been the more volatile of the two, at 123% annualised against USDT's 1%.

Correlation: 0.43
Size ratio: 1 : 231023.5
Ahead over 30 days: USDT

TON CommunityTON

$0.002877

24h: -0.22%
Market cap: $771,449
Volume 24h: $7
Volatility (ann.): 123%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

TONUSDT

7 days-8.55%+0.03%USDT
30 days-43.54%-0.08%USDT

Correlation

0.43over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	TON	USDT
Max drawdown (400d)	-47.1%	-0.2%
Risk-adjusted return (90d)	-0.37	-0.03

Relative strength over 90 days: USDT outperformed TON by 45.1% — measured on the TON/USDT ratio, so it holds regardless of market direction.

TON Community →Tether →