Voxelithic Protocol vs Tether

Tether (USDT) is 2917506.4× the size of Voxelithic Protocol (VOXEL) by market capitalisation. Over the past 30 days, USDT is ahead by 92.2 percentage points (VOXEL -92.3% against USDT -0.0%). Their daily returns move barely together (correlation 0.02 across 24 shared trading days). VOXEL has been the more volatile of the two, at 636% annualised against USDT's 1%.

Correlation: 0.02
Size ratio: 1 : 2917506.4
Ahead over 30 days: USDT

Voxelithic ProtocolVOXEL

$6.111e-5

24h: +21.06%
Market cap: $61,105
Volume 24h: $1,097
Volatility (ann.): 636%

TetherUSDT

$0.999442

24h: +0.05%
Market cap: $178.27B
Volume 24h: $57.26B
Volatility (ann.): 1%

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

Performance

VOXELUSDT

7 days+37.98%+0.03%VOXEL
30 days-92.25%-0.04%USDT

Correlation

0.02over 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	VOXEL	USDT
Max drawdown (400d)	-99.1%	-0.2%
Risk-adjusted return (90d)	-0.16	0.03

Relative strength over 90 days: USDT outperformed VOXEL by 98.6% — measured on the VOXEL/USDT ratio, so it holds regardless of market direction.

Voxelithic Protocol →Tether →