US Sonic Dollar vs Tether

Tether (USDT) is 193182.4× the size of US Sonic Dollar (USSD) by market capitalisation. Over the past 30 days, USSD is ahead by 0.1 percentage points (USSD -0.0% against USDT -0.1%). Their daily returns move loosely together (correlation 0.44 across 28 shared trading days). USDT has been the more volatile of the two, at 1% annualised against USSD's 0%.

Correlation: 0.44
Size ratio: 1 : 193182.4
Ahead over 30 days: USSD

US Sonic DollarUSSD

$0.998869

24h: +0.02%
Market cap: $922,429
Volume 24h: $144,505
Volatility (ann.): 0%

TetherUSDT

$0.999009

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

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

Performance

USSDUSDT

7 days+0.01%+0.03%USDT
30 days-0.02%-0.08%USSD

Correlation

0.44over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	USSD	USDT
Max drawdown (400d)	-0.1%	-0.2%
Risk-adjusted return (90d)	-0.03	-0.03

Relative strength over 90 days: USSD outperformed USDT by 0.1% — measured on the USSD/USDT ratio, so it holds regardless of market direction.

US Sonic Dollar →Tether →