Vetro USD vs Tether

Tether (USDT) is 184593.2× the size of Vetro USD (VUSD) by market capitalisation. Over the past 30 days, VUSD is ahead by 0.2 percentage points (VUSD +0.1% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.12 across 27 shared trading days). VUSD has been the more volatile of the two, at 9% annualised against USDT's 1%.

Correlation: -0.12
Size ratio: 1 : 184593.2
Ahead over 30 days: VUSD

Vetro USDVUSD

$1.0010

24h: +0.27%
Market cap: $965,736
Volume 24h: $60,724
Volatility (ann.): 9%

TetherUSDT

$0.999409

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

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

Performance

VUSDUSDT

7 days+0.20%+0.03%VUSD
30 days+0.14%-0.04%VUSD

Correlation

-0.12over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	VUSD	USDT
Max drawdown (400d)	-2.0%	-0.2%
Risk-adjusted return (90d)	0.04	0.03

Relative strength over 90 days: VUSD outperformed USDT by 0.4% — measured on the VUSD/USDT ratio, so it holds regardless of market direction.

Vetro USD →Tether →