USDGO vs Tether

Tether (USDT) is 152.0× the size of USDGO (USDGO) by market capitalisation. Over the past 30 days, USDGO is ahead by 0.1 percentage points (USDGO -0.0% against USDT -0.1%). Their daily returns move barely together (correlation 0.06 across 58 shared trading days). USDT has been the more volatile of the two, at 1% annualised against USDGO's 0%.

Correlation: 0.06
Size ratio: 1 : 152.0
Ahead over 30 days: USDGO

USDGOUSDGO

$1.0000

24h: +0.01%
Market cap: $1.17B
Volume 24h: $34.01M
Volatility (ann.): 0%

TetherUSDT

$0.999392

24h: +0.03%
Market cap: $178.27B
Volume 24h: $64.53B
Volatility (ann.): 1%

USDGO 0.7%Share of the two combined market caps99.3% USDT

Performance

USDGOUSDT

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

Correlation

0.06over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	USDGO	USDT
Max drawdown (400d)	-0.1%	-0.2%
Risk-adjusted return (90d)	-0.41	-0.03

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

USDGO →Tether →