YAY Network vs Tether

Tether (USDT) is 2485516.9× the size of YAY Network (YAY) by market capitalisation. Over the past 30 days, USDT is ahead by 17.6 percentage points (YAY -17.6% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.28 across 24 shared trading days). YAY has been the more volatile of the two, at 46% annualised against USDT's 1%.

Correlation: -0.28
Size ratio: 1 : 2485516.9
Ahead over 30 days: USDT

YAY NetworkYAY

$0.000104

24h: —
Market cap: $71,725
Volume 24h: $32
Volatility (ann.): 46%

TetherUSDT

$0.999439

24h: +0.04%
Market cap: $178.27B
Volume 24h: $57.39B
Volatility (ann.): 1%

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

Performance

YAYUSDT

7 days-0.38%+0.03%USDT
30 days-17.61%-0.04%USDT

Correlation

-0.28over 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	YAY	USDT
Max drawdown (400d)	-18.2%	-0.2%
Risk-adjusted return (90d)	-0.38	0.03

Relative strength over 90 days: USDT outperformed YAY by 17.2% — measured on the YAY/USDT ratio, so it holds regardless of market direction.

YAY Network →Tether →