TOSHE vs Tether

Tether (USDT) is 6621690.5× the size of TOSHE (TOSHE) by market capitalisation. Over the past 30 days, TOSHE is ahead by 38.8 percentage points (TOSHE +38.8% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 23 shared trading days). TOSHE has been the more volatile of the two, at 544% annualised against USDT's 1%.

Correlation: -0.03
Size ratio: 1 : 6621690.5
Ahead over 30 days: TOSHE

TOSHETOSHE

$2.658e-10

24h: —
Market cap: $26,810
Volume 24h: —
Volatility (ann.): 544%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

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

Performance

TOSHEUSDT

7 days+26.67%+0.03%TOSHE
30 days+38.79%-0.04%TOSHE

Correlation

-0.03over 23 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	TOSHE	USDT
Max drawdown (400d)	-58.7%	-0.2%
Risk-adjusted return (90d)	0.18	0.03

Relative strength over 90 days: TOSHE outperformed USDT by 42.6% — measured on the TOSHE/USDT ratio, so it holds regardless of market direction.

TOSHE →Tether →