Xi vs Tether

Tether (USDT) is 672784.0× the size of Xi (XI) by market capitalisation. Over the past 30 days, USDT is ahead by 34.1 percentage points (XI -34.2% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). XI has been the more volatile of the two, at 158% annualised against USDT's 1%.

Correlation: -0.06
Size ratio: 1 : 672784.0
Ahead over 30 days: USDT

XiXI

$0.000629

24h: +0.31%
Market cap: $264,971
Volume 24h: $170
Volatility (ann.): 158%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

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

Performance

XIUSDT

7 days-0.74%+0.03%USDT
30 days-34.16%-0.04%USDT

Correlation

-0.06over 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	XI	USDT
Max drawdown (400d)	-37.6%	-0.2%
Risk-adjusted return (90d)	-0.23	0.03

Relative strength over 90 days: USDT outperformed XI by 32.9% — measured on the XI/USDT ratio, so it holds regardless of market direction.

Xi →Tether →