Uquid Coin vs Tether

Tether (USDT) is 6479.8× the size of Uquid Coin (UQC) by market capitalisation. Over the past 30 days, UQC is ahead by 1.9 percentage points (UQC +1.9% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.18 across 34 shared trading days). UQC has been the more volatile of the two, at 11% annualised against USDT's 1%.

Correlation: -0.18
Size ratio: 1 : 6479.8
Ahead over 30 days: UQC

Uquid CoinUQC

$2.7500

24h: -0.02%
Market cap: $27.50M
Volume 24h: $47,522
Volatility (ann.): 11%

TetherUSDT

$0.999009

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

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

Performance

UQCUSDT

7 days-0.36%+0.03%USDT
30 days+1.85%-0.08%UQC

Correlation

-0.18over 34 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	UQC	USDT
Max drawdown (400d)	-1.5%	-0.2%
Risk-adjusted return (90d)	0.14	-0.03

Relative strength over 90 days: UQC outperformed USDT by 1.6% — measured on the UQC/USDT ratio, so it holds regardless of market direction.

Uquid Coin →Tether →