UltraSafe vs Tether

UltraSafe (ULTRA) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 8.8 percentage points (ULTRA -8.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.04 across 27 shared trading days). ULTRA has been the more volatile of the two, at 31% annualised against USDT's 1%.

Correlation: 0.04
Ahead over 30 days: USDT

UltraSafeULTRA

$1.366e-9

24h: -0.05%
Market cap: —
Volume 24h: $52,039
Volatility (ann.): 31%

TetherUSDT

$0.999398

24h: +0.04%
Market cap: $178.26B
Volume 24h: $64.34B
Volatility (ann.): 1%

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

Performance

ULTRAUSDT

7 days-3.86%+0.03%USDT
30 days-8.83%-0.04%USDT

Correlation

0.04over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	ULTRA	USDT
Max drawdown (400d)	-14.1%	-0.2%
Risk-adjusted return (90d)	-0.37	0.03

Relative strength over 90 days: USDT outperformed ULTRA by 11.6% — measured on the ULTRA/USDT ratio, so it holds regardless of market direction.

UltraSafe →Tether →