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Tether (USDT-USD)

Cryptocurrency · Currency in USD · Last updated Dec 9, 2023

Tether (USDT) is a stablecoin cryptocurrency that is pegged to the US dollar at a 1:1 ratio. This means that for every Tether token in circulation, there should be an equivalent amount of US dollars held in reserve to back it up. It is designed to provide the benefits of cryptocurrencies, such as fast and secure transactions, while minimizing the volatility that is typically associated with other cryptocurrencies.

Summary

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in Tether, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
-0.80%
78.14%
USDT-USD (Tether)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Tether

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Return

Tether had a return of 0.05% year-to-date (YTD) and 0.00% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date0.05%19.92%
1 month-0.02%5.06%
6 months0.02%7.11%
1 year0.00%16.17%
5 years (annualized)-0.21%11.84%
10 years (annualized)N/A9.85%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-0.01%-0.03%-0.02%-0.01%0.04%0.01%-0.02%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Tether (USDT-USD) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
USDT-USD
Tether
0.00
^GSPC
S&P 500
1.25

Sharpe Ratio

The current Tether Sharpe ratio is 0.00. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.00
1.23
USDT-USD (Tether)
Benchmark (^GSPC)

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%JulyAugustSeptemberOctoberNovemberDecember
-7.21%
-4.01%
USDT-USD (Tether)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Tether. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Tether was 10.32%, occurring on Nov 14, 2018. The portfolio has not yet recovered.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-10.32%Dec 13, 2017337Nov 14, 2018
-2.16%Nov 13, 201717Nov 29, 20178Dec 7, 201725
-1.41%Dec 8, 20172Dec 9, 20173Dec 12, 20175
-0.22%Nov 10, 20171Nov 10, 20171Nov 11, 20172

Volatility Chart

The current Tether volatility is 0.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
0.13%
1.61%
USDT-USD (Tether)
Benchmark (^GSPC)