X-PASS vs Tether

Tether (USDT) is 5228019.4× the size of X-PASS (XPASS) by market capitalisation. Over the past 30 days, USDT is ahead by 98.0 percentage points (XPASS -98.1% against USDT -0.1%). Their daily returns move barely together (correlation 0.12 across 27 shared trading days). XPASS has been the more volatile of the two, at 1206% annualised against USDT's 1%.

Correlation: 0.12
Size ratio: 1 : 5228019.4
Ahead over 30 days: USDT

X-PASSXPASS

$0.000113

24h: —
Market cap: $34,085
Volume 24h: $8
Volatility (ann.): 1206%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

XPASSUSDT

7 days-93.82%+0.03%USDT
30 days-98.11%-0.08%USDT

Correlation

0.12over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	XPASS	USDT
Max drawdown (400d)	-98.1%	-0.2%
Risk-adjusted return (90d)	-0.08	-0.03

Relative strength over 90 days: USDT outperformed XPASS by 97.1% — measured on the XPASS/USDT ratio, so it holds regardless of market direction.

X-PASS →Tether →