Zauthx402 vs Tether

Tether (USDT) is 136612.3× the size of Zauthx402 (ZAUTH) by market capitalisation. Over the past 30 days, USDT is ahead by 11.8 percentage points (ZAUTH -11.9% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.30 across 28 shared trading days). ZAUTH has been the more volatile of the two, at 210% annualised against USDT's 1%.

Correlation: -0.30
Size ratio: 1 : 136612.3
Ahead over 30 days: USDT

Zauthx402ZAUTH

$0.001381

24h: -2.55%
Market cap: $1.30M
Volume 24h: $29,793
Volatility (ann.): 210%

TetherUSDT

$0.999009

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

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

Performance

ZAUTHUSDT

7 days-27.44%+0.03%USDT
30 days-11.87%-0.08%USDT

Correlation

-0.30over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	ZAUTH	USDT
Max drawdown (400d)	-58.6%	-0.2%
Risk-adjusted return (90d)	-0.24	-0.03

Relative strength over 90 days: USDT outperformed ZAUTH by 51.2% — measured on the ZAUTH/USDT ratio, so it holds regardless of market direction.

Zauthx402 →Tether →