USAT vs Tether

Tether (USDT) is 995.9× the size of USAT (USAT) by market capitalisation. Over the past 30 days, USDT is ahead by 0.0 percentage points (USAT -0.1% against USDT -0.0%). Their daily returns move loosely together (correlation 0.48 across 57 shared trading days). USAT has been the more volatile of the two, at 1% annualised against USDT's 1%.

Correlation: 0.48
Size ratio: 1 : 995.9
Ahead over 30 days: USDT

USATUSAT

$0.998288

24h: -0.00%
Market cap: $179.01M
Volume 24h: $3.15M
Volatility (ann.): 1%

TetherUSDT

$0.999411

24h: +0.05%
Market cap: $178.27B
Volume 24h: $63.38B
Volatility (ann.): 1%

USAT 0.1%Share of the two combined market caps99.9% USDT

Performance

USATUSDT

7 days-0.01%+0.03%USDT
30 days-0.08%-0.04%USDT

Correlation

0.48over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	USAT	USDT
Max drawdown (400d)	-0.2%	-0.2%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: USDT outperformed USAT by 0.0% — measured on the USAT/USDT ratio, so it holds regardless of market direction.

USAT →Tether →