UXD Stablecoin vs Tether

Tether (USDT) is 598691.8× the size of UXD Stablecoin (UXD) by market capitalisation. Over the past 30 days, USDT is ahead by 0.0 percentage points (UXD -0.1% against USDT -0.0%). Their daily returns move barely together (correlation 0.01 across 24 shared trading days). USDT has been the more volatile of the two, at 1% annualised against UXD's 0%.

Correlation: 0.01
Size ratio: 1 : 598691.8
Ahead over 30 days: USDT

UXD StablecoinUXD

$1.0000

24h: +0.05%
Market cap: $297,763
Volume 24h: $510
Volatility (ann.): 0%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

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

Performance

UXDUSDT

7 days-0.00%+0.03%USDT
30 days-0.06%-0.04%USDT

Correlation

0.01over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	UXD	USDT
Max drawdown (400d)	-0.1%	-0.2%
Risk-adjusted return (90d)	-0.14	0.03

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

UXD Stablecoin →Tether →