uplift vs Tether

Tether (USDT) is 17031312.1× the size of uplift (UP) by market capitalisation. Over the past 30 days, USDT is ahead by 67.3 percentage points (UP -67.4% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 22 shared trading days). UP has been the more volatile of the two, at 239% annualised against USDT's 1%.

Correlation: -0.04
Size ratio: 1 : 17031312.1
Ahead over 30 days: USDT

upliftUP

$1.047e-5

24h: -0.91%
Market cap: $10,466
Volume 24h: $32
Volatility (ann.): 239%

TetherUSDT

$0.999328

24h: +0.02%
Market cap: $178.25B
Volume 24h: $63.28B
Volatility (ann.): 1%

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

Performance

UPUSDT

7 days-7.03%+0.03%USDT
30 days-67.42%-0.08%USDT

Correlation

-0.04over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	UP	USDT
Max drawdown (400d)	-81.7%	-0.2%
Risk-adjusted return (90d)	-0.34	-0.03

Relative strength over 90 days: USDT outperformed UP by 46.6% — measured on the UP/USDT ratio, so it holds regardless of market direction.

uplift →Tether →