Efforce vs Tether

Tether (USDT) is 72506.5× the size of Efforce (WOZX) by market capitalisation. Over the past 30 days, WOZX is ahead by 3.5 percentage points (WOZX +3.4% against USDT -0.1%). Their daily returns move loosely in opposite directions (correlation -0.56 across 30 shared trading days). WOZX has been the more volatile of the two, at 152% annualised against USDT's 1%.

Correlation: -0.56
Size ratio: 1 : 72506.5
Ahead over 30 days: WOZX

EfforceWOZX

$0.003973

24h: -18.75%
Market cap: $2.46M
Volume 24h: $2,527
Volatility (ann.): 152%

TetherUSDT

$0.999382

24h: +0.02%
Market cap: $178.26B
Volume 24h: $63.95B
Volatility (ann.): 1%

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

Performance

WOZXUSDT

7 days-24.42%+0.03%USDT
30 days+3.42%-0.08%WOZX

Correlation

-0.56over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5690d: 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	WOZX	USDT
Max drawdown (400d)	-24.5%	-0.2%
Risk-adjusted return (90d)	0.01	-0.03

Relative strength over 90 days: WOZX outperformed USDT by 1.9% — measured on the WOZX/USDT ratio, so it holds regardless of market direction.

Efforce →Tether →