Wibx vs Tether

Tether (USDT) is 15141.6× the size of Wibx (WBX) by market capitalisation. Over the past 30 days, USDT is ahead by 98.9 percentage points (WBX -99.0% against USDT -0.1%). Their daily returns move very closely together (correlation 0.88 across 23 shared trading days). WBX has been the more volatile of the two, at 346% annualised against USDT's 1%.

Correlation: 0.88
Size ratio: 1 : 15141.6
Ahead over 30 days: USDT

WibxWBX

$0.001002

24h: —
Market cap: $11.77M
Volume 24h: —
Volatility (ann.): 346%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

WBXUSDT

7 days-98.45%+0.03%USDT
30 days-98.97%-0.08%USDT

Correlation

0.88over 23 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	WBX	USDT
Max drawdown (400d)	-99.0%	-0.2%
Risk-adjusted return (90d)	-0.29	-0.03

Relative strength over 90 days: USDT outperformed WBX by 99.0% — measured on the WBX/USDT ratio, so it holds regardless of market direction.

Wibx →Tether →