Unicorn vs Tether

Tether (USDT) is 106182.5× the size of Unicorn (UWU) by market capitalisation. Over the past 30 days, USDT is ahead by 62.9 percentage points (UWU -63.0% against USDT -0.1%). Their daily returns move barely together (correlation 0.09 across 28 shared trading days). UWU has been the more volatile of the two, at 261% annualised against USDT's 1%.

Correlation: 0.09
Size ratio: 1 : 106182.5
Ahead over 30 days: USDT

UnicornUWU

$0.001678

24h: +1.73%
Market cap: $1.68M
Volume 24h: $1,804
Volatility (ann.): 261%

TetherUSDT

$0.999003

24h: +0.03%
Market cap: $178.19B
Volume 24h: $48.44B
Volatility (ann.): 1%

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

Performance

UWUUSDT

7 days-36.53%+0.03%USDT
30 days-63.01%-0.08%USDT

Correlation

0.09over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	UWU	USDT
Max drawdown (400d)	-90.9%	-0.2%
Risk-adjusted return (90d)	-0.35	-0.03

Relative strength over 90 days: USDT outperformed UWU by 90.9% — measured on the UWU/USDT ratio, so it holds regardless of market direction.

Unicorn →Tether →