Zirodelta vs Tether

Tether (USDT) is 2724855.9× the size of Zirodelta (ZDLT) by market capitalisation. Over the past 30 days, USDT is ahead by 26.8 percentage points (ZDLT -26.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.15 across 24 shared trading days). ZDLT has been the more volatile of the two, at 56% annualised against USDT's 1%.

Correlation: 0.15
Size ratio: 1 : 2724855.9
Ahead over 30 days: USDT

ZirodeltaZDLT

$6.551e-5

24h: +4.14%
Market cap: $65,425
Volume 24h: $134
Volatility (ann.): 56%

TetherUSDT

$0.999439

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

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

Performance

ZDLTUSDT

7 days-10.63%+0.03%USDT
30 days-26.82%-0.04%USDT

Correlation

0.15over 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	ZDLT	USDT
Max drawdown (400d)	-32.1%	-0.2%
Risk-adjusted return (90d)	-0.51	0.03

Relative strength over 90 days: USDT outperformed ZDLT by 20.8% — measured on the ZDLT/USDT ratio, so it holds regardless of market direction.

Zirodelta →Tether →