wanBTC vs Tether

Tether (USDT) is 307937.6× the size of wanBTC (WANBTC) by market capitalisation. Over the past 30 days, WANBTC is ahead by 9.6 percentage points (WANBTC +9.5% against USDT -0.0%). Their daily returns move loosely together (correlation 0.52 across 20 shared trading days). WANBTC has been the more volatile of the two, at 49% annualised against USDT's 1%.

Correlation: 0.52
Size ratio: 1 : 307937.6
Ahead over 30 days: WANBTC

wanBTCWANBTC

$75,903

24h: -1.46%
Market cap: $578,912
Volume 24h: $3,963
Volatility (ann.): 49%

TetherUSDT

$0.999411

24h: +0.05%
Market cap: $178.27B
Volume 24h: $63.38B
Volatility (ann.): 1%

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

Performance

WANBTCUSDT

7 days-0.57%+0.03%USDT
30 days+9.55%-0.04%WANBTC

Correlation

0.52over 20 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	WANBTC	USDT
Max drawdown (400d)	-5.9%	-0.2%
Risk-adjusted return (90d)	0.19	0.03

Relative strength over 90 days: WANBTC outperformed USDT by 10.1% — measured on the WANBTC/USDT ratio, so it holds regardless of market direction.

wanBTC →Tether →