Zoe vs Tether

Tether (USDT) is 5028932.2× the size of Zoe (ZOE) by market capitalisation. Over the past 30 days, USDT is ahead by 69.6 percentage points (ZOE -69.6% against USDT -0.1%). Their daily returns move barely together (correlation 0.28 across 20 shared trading days). ZOE has been the more volatile of the two, at 936% annualised against USDT's 1%.

Correlation: 0.28
Size ratio: 1 : 5028932.2
Ahead over 30 days: USDT

ZoeZOE

$3.612e-5

24h: +9.51%
Market cap: $35,311
Volume 24h: $5,904
Volatility (ann.): 936%

TetherUSDT

$0.999042

24h: -0.05%
Market cap: $177.58B
Volume 24h: $68.74B
Volatility (ann.): 1%

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

Performance

ZOEUSDT

7 days-69.35%+0.07%USDT
30 days-69.64%-0.09%USDT

Correlation

0.28over 20 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	ZOE	USDT
Max drawdown (400d)	-91.0%	-0.2%
Risk-adjusted return (90d)	-0.08	-0.05

Relative strength over 90 days: USDT outperformed ZOE by 76.3% — measured on the ZOE/USDT ratio, so it holds regardless of market direction.

Zoe →Tether →