Tether (USDT) is 4907.0× the size of Wiki Cat (WKC) by market capitalisation. Over the past 30 days, USDT is ahead by 36.4 percentage points (WKC -36.4% against USDT +0.0%). Their daily returns move barely together (correlation 0.25 across 26 shared trading days). WKC has been the more volatile of the two, at 116% annualised against USDT's 0%.
| Period | WKC | USDT | Ahead |
|---|---|---|---|
| 7 days | +0.00% | -0.01% | WKC |
| 30 days | -36.36% | +0.05% | USDT |
| Metric | WKC | USDT |
|---|---|---|
| Max drawdown (400d) | -41.7% | -0.0% |
| Risk-adjusted return (90d) | -0.31 | 0.19 |
Relative strength over 90 days: USDT outperformed WKC by 36.4% — measured on the WKC/USDT ratio, so it holds regardless of market direction.
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.