United Oasis Reserve vs Tether

Tether (USDT) is 10278281.1× the size of United Oasis Reserve (UXR) by market capitalisation. Over the past 30 days, USDT is ahead by 30.7 percentage points (UXR -30.8% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.21 across 25 shared trading days). UXR has been the more volatile of the two, at 45% annualised against USDT's 1%.

Correlation: -0.21
Size ratio: 1 : 10278281.1
Ahead over 30 days: USDT

United Oasis ReserveUXR

$1.728e-5

24h: -6.22%
Market cap: $17,276
Volume 24h: $12
Volatility (ann.): 45%

TetherUSDT

$0.999015

24h: -0.04%
Market cap: $177.57B
Volume 24h: $69.78B
Volatility (ann.): 1%

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

Performance

UXRUSDT

7 days-13.15%+0.07%USDT
30 days-30.79%-0.09%USDT

Correlation

-0.21over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2190d: 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	UXR	USDT
Max drawdown (400d)	-32.5%	-0.2%
Risk-adjusted return (90d)	-0.68	-0.05

Relative strength over 90 days: USDT outperformed UXR by 22.6% — measured on the UXR/USDT ratio, so it holds regardless of market direction.

United Oasis Reserve →Tether →