WSOP Fantasy Poker vs Tether

Tether (USDT) is 248943.8× the size of WSOP Fantasy Poker (WSOLP) by market capitalisation. Over the past 30 days, USDT is ahead by 54.3 percentage points (WSOLP -54.4% against USDT -0.1%). Their daily returns move barely together (correlation 0.27 across 28 shared trading days). WSOLP has been the more volatile of the two, at 272% annualised against USDT's 1%.

Correlation: 0.27
Size ratio: 1 : 248943.8
Ahead over 30 days: USDT

WSOP Fantasy PokerWSOLP

$0.000716

24h: -2.52%
Market cap: $715,752
Volume 24h: $5,614
Volatility (ann.): 272%

TetherUSDT

$0.998905

24h: +0.03%
Market cap: $178.18B
Volume 24h: $49.52B
Volatility (ann.): 1%

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

Performance

WSOLPUSDT

7 days-11.33%+0.03%USDT
30 days-54.39%-0.08%USDT

Correlation

0.27over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	WSOLP	USDT
Max drawdown (400d)	-71.0%	-0.2%
Risk-adjusted return (90d)	-0.19	-0.03

Relative strength over 90 days: USDT outperformed WSOLP by 52.1% — measured on the WSOLP/USDT ratio, so it holds regardless of market direction.

WSOP Fantasy Poker →Tether →