vAPI Network vs Tether

Tether (USDT) is 58398.4× the size of vAPI Network (VAPI) by market capitalisation. Over the past 30 days, USDT is ahead by 14.7 percentage points (VAPI -14.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.16 across 23 shared trading days). VAPI has been the more volatile of the two, at 152% annualised against USDT's 1%.

Correlation: 0.16
Size ratio: 1 : 58398.4
Ahead over 30 days: USDT

vAPI NetworkVAPI

$0.060996

24h: +9.43%
Market cap: $3.05M
Volume 24h: $12,832
Volatility (ann.): 152%

TetherUSDT

$0.999555

24h: +0.05%
Market cap: $178.29B
Volume 24h: $57.16B
Volatility (ann.): 1%

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

Performance

VAPIUSDT

7 days-0.26%+0.03%USDT
30 days-14.76%-0.04%USDT

Correlation

0.16over 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	VAPI	USDT
Max drawdown (400d)	-43.7%	-0.2%
Risk-adjusted return (90d)	-0.08	0.03

Relative strength over 90 days: USDT outperformed VAPI by 12.0% — measured on the VAPI/USDT ratio, so it holds regardless of market direction.

vAPI Network →Tether →