WaterNeuron vs Tether

Tether (USDT) is 151712.2× the size of WaterNeuron (WTN) by market capitalisation. Over the past 30 days, USDT is ahead by 11.3 percentage points (WTN -11.3% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.17 across 28 shared trading days). WTN has been the more volatile of the two, at 196% annualised against USDT's 1%.

Correlation: -0.17
Size ratio: 1 : 151712.2
Ahead over 30 days: USDT

WaterNeuronWTN

$0.010089

24h: +26.18%
Market cap: $1.18M
Volume 24h: $219
Volatility (ann.): 196%

TetherUSDT

$0.999392

24h: +0.03%
Market cap: $178.27B
Volume 24h: $64.53B
Volatility (ann.): 1%

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

Performance

WTNUSDT

7 days-20.99%+0.03%USDT
30 days-11.33%-0.08%USDT

Correlation

-0.17over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 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	WTN	USDT
Max drawdown (400d)	-43.0%	-0.2%
Risk-adjusted return (90d)	-0.05	-0.03

Relative strength over 90 days: USDT outperformed WTN by 9.8% — measured on the WTN/USDT ratio, so it holds regardless of market direction.

WaterNeuron →Tether →