XCoin vs Tether
XCoin (XCOIN) and Tether (USDT) compared side by side. Over the past 30 days, XCOIN is ahead by 6.6 percentage points (XCOIN +6.6% against USDT +0.0%). Their daily returns move barely together (correlation 0.14 across 34 shared trading days). XCOIN has been the more volatile of the two, at 79% annualised against USDT's 0%.
Performance
| Period | XCOIN | USDT | Ahead |
|---|---|---|---|
| 7 days | -6.21% | -0.01% | USDT |
| 30 days | +6.57% | +0.00% | XCOIN |
Risk & extremes
| Metric | XCOIN | USDT |
|---|---|---|
| Max drawdown (400d) | -15.3% | -0.0% |
| Risk-adjusted return (90d) | 0.27 | 0.20 |
Relative strength over 90 days: XCOIN outperformed USDT by 25.2% — measured on the XCOIN/USDT ratio, so it holds regardless of market direction.
Correlation
0.14over 34 shared trading days
7d: insufficient data30d: 0.0190d: 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.