wanETH vs Tether

Tether (USDT) is 347135.0× the size of wanETH (WANETH) by market capitalisation. Over the past 30 days, WANETH is ahead by 12.0 percentage points (WANETH +12.0% against USDT -0.0%). Their daily returns move loosely together (correlation 0.51 across 20 shared trading days). WANETH has been the more volatile of the two, at 55% annualised against USDT's 1%.

Correlation: 0.51
Size ratio: 1 : 347135.0
Ahead over 30 days: WANETH

wanETHWANETH

$2,283.37

24h: +0.45%
Market cap: $513,524
Volume 24h: $4,526
Volatility (ann.): 55%

TetherUSDT

$0.999398

24h: +0.04%
Market cap: $178.26B
Volume 24h: $64.34B
Volatility (ann.): 1%

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

Performance

WANETHUSDT

7 days+0.83%+0.03%WANETH
30 days+11.96%-0.04%WANETH

Correlation

0.51over 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	WANETH	USDT
Max drawdown (400d)	-6.6%	-0.2%
Risk-adjusted return (90d)	0.22	0.03

Relative strength over 90 days: WANETH outperformed USDT by 12.7% — measured on the WANETH/USDT ratio, so it holds regardless of market direction.

wanETH →Tether →