Tether (USDT-USD)
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.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
Tether had a return of 0.14% year-to-date (YTD) and 0.10% in the last 12 months.
USDT-USD
0.14%
0.19%
0.13%
0.10%
-0.32%
N/A
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of USDT-USD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.03% | 0.04% | -0.04% | -0.09% | -0.02% | -0.06% | 0.13% | 0.02% | -0.01% | -0.12% | 0.14% | ||
| 2023 | 0.04% | 0.00% | 0.00% | 0.03% | -0.01% | -0.03% | -0.02% | -0.01% | 0.04% | 0.01% | -0.02% | -0.04% | 0.01% |
| 2022 | 0.03% | -0.01% | 0.00% | -0.01% | -0.08% | -0.06% | 0.15% | -0.03% | 0.00% | -0.01% | 0.01% | -0.03% | -0.05% |
| 2021 | 0.02% | 0.13% | -0.21% | 0.00% | 0.05% | -0.03% | 0.01% | 0.03% | -0.04% | 0.02% | -0.01% | -0.01% | -0.04% |
| 2020 | 0.10% | 0.57% | -0.33% | 0.21% | -0.70% | 0.19% | 0.02% | 0.30% | -0.18% | -0.12% | 0.02% | 0.02% | 0.09% |
| 2019 | -0.71% | 0.36% | -0.94% | 0.55% | -0.26% | -1.09% | 1.13% | 0.00% | 0.04% | 0.23% | -0.47% | -0.20% | -1.39% |
| 2018 | -2.17% | 0.87% | 0.19% | -0.18% | -0.09% | 0.12% | 0.03% | 0.40% | -0.31% | -1.22% | 0.37% | 2.21% | 0.14% |
| 2017 | -0.01% | 0.41% | 0.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USDT-USD is 57, suggesting that the investment has average results relative to other cryptocurrencies in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Tether (USDT-USD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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.
The current Tether drawdown is 7.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.32% | Dec 13, 2017 | 337 | Nov 14, 2018 | — | — | — |
| -2.16% | Nov 13, 2017 | 17 | Nov 29, 2017 | 8 | Dec 7, 2017 | 25 |
| -1.41% | Dec 8, 2017 | 2 | Dec 9, 2017 | 3 | Dec 12, 2017 | 5 |
| -0.22% | Nov 10, 2017 | 1 | Nov 10, 2017 | 1 | Nov 11, 2017 | 2 |
Volatility
Volatility Chart
The current Tether volatility is 0.30%, 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.