Trader vs Tether

Tether (USDT) is 88601.7× the size of Trader (TDE) by market capitalisation. Over the past 30 days, USDT is ahead by 5.3 percentage points (TDE -5.3% against USDT -0.1%). Their daily returns move barely together (correlation 0.12 across 30 shared trading days). TDE has been the more volatile of the two, at 95% annualised against USDT's 1%.

Correlation: 0.12
Size ratio: 1 : 88601.7
Ahead over 30 days: USDT

TraderTDE

$2.1500

24h: +0.75%
Market cap: $2.01M
Volume 24h: $399
Volatility (ann.): 95%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

TDEUSDT

7 days-2.74%+0.03%USDT
30 days-5.33%-0.08%USDT

Correlation

0.12over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	TDE	USDT
Max drawdown (400d)	-24.4%	-0.2%
Risk-adjusted return (90d)	0.14	-0.03

Relative strength over 90 days: TDE outperformed USDT by 13.4% — measured on the TDE/USDT ratio, so it holds regardless of market direction.

Trader →Tether →