XONA AGENT vs Tether

Tether (USDT) is 477477.8× the size of XONA AGENT (XONA) by market capitalisation. Over the past 30 days, XONA is ahead by 101.2 percentage points (XONA +101.2% against USDT -0.0%). Their daily returns move barely together (correlation 0.18 across 27 shared trading days). XONA has been the more volatile of the two, at 345% annualised against USDT's 1%.

Correlation: 0.18
Size ratio: 1 : 477477.8
Ahead over 30 days: XONA

XONA AGENTXONA

$0.000387

24h: +2.00%
Market cap: $373,354
Volume 24h: $7,424
Volatility (ann.): 345%

TetherUSDT

$0.999409

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

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

Performance

XONAUSDT

7 days-20.37%+0.03%USDT
30 days+101.16%-0.04%XONA

Correlation

0.18over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	XONA	USDT
Max drawdown (400d)	-52.3%	-0.2%
Risk-adjusted return (90d)	0.18	0.03

Relative strength over 90 days: XONA outperformed USDT by 62.0% — measured on the XONA/USDT ratio, so it holds regardless of market direction.

XONA AGENT →Tether →