USDKG vs Tether

Tether (USDT) is 3559.4× the size of USDKG (USDKG) by market capitalisation. Over the past 30 days, USDKG is ahead by 0.6 percentage points (USDKG +0.6% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.08 across 50 shared trading days). USDKG has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: -0.08
Size ratio: 1 : 3559.4
Ahead over 30 days: USDKG

USDKGUSDKG

$1.0010

24h: +0.00%
Market cap: $50.06M
Volume 24h: —
Volatility (ann.): 2%

TetherUSDT

$0.998845

24h: +0.01%
Market cap: $178.17B
Volume 24h: $49.77B
Volatility (ann.): 1%

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

Performance

USDKGUSDT

7 days+0.00%+0.03%USDT
30 days+0.57%-0.08%USDKG

Correlation

-0.08over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	USDKG	USDT
Max drawdown (400d)	-0.6%	-0.2%
Risk-adjusted return (90d)	0.05	-0.03

Relative strength over 90 days: USDKG outperformed USDT by 0.2% — measured on the USDKG/USDT ratio, so it holds regardless of market direction.

USDKG →Tether →