X Money vs Tether

Tether (USDT) is 1058668.0× the size of X Money (XMONEY) by market capitalisation. Over the past 30 days, USDT is ahead by 20.3 percentage points (XMONEY -20.3% against USDT -0.0%). Their daily returns move barely together (correlation 0.26 across 24 shared trading days). XMONEY has been the more volatile of the two, at 96% annualised against USDT's 1%.

Correlation: 0.26
Size ratio: 1 : 1058668.0
Ahead over 30 days: USDT

X MoneyXMONEY

$0.016840

24h: +13.71%
Market cap: $168,398
Volume 24h: $4,631
Volatility (ann.): 96%

TetherUSDT

$0.999461

24h: +0.05%
Market cap: $178.28B
Volume 24h: $56.82B
Volatility (ann.): 1%

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

Performance

XMONEYUSDT

7 days-1.59%+0.03%USDT
30 days-20.31%-0.04%USDT

Correlation

0.26over 24 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	XMONEY	USDT
Max drawdown (400d)	-42.3%	-0.2%
Risk-adjusted return (90d)	-0.33	0.03

Relative strength over 90 days: USDT outperformed XMONEY by 15.6% — measured on the XMONEY/USDT ratio, so it holds regardless of market direction.

X Money →Tether →