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
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.
Compare to other instruments
Return
Tether had a return of 0.05% year-to-date (YTD) and 0.00% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.05% | 19.92% |
| 1 month | -0.02% | 5.06% |
| 6 months | 0.02% | 7.11% |
| 1 year | 0.00% | 16.17% |
| 5 years (annualized) | -0.21% | 11.84% |
| 10 years (annualized) | N/A | 9.85% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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, 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 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.