USDC-USD vs. USDT-USD

Last updated Apr 3, 2026

Compare and contrast key facts about USDCoin (USDC-USD) and Tether (USDT-USD).

Performance

USDC-USD vs. USDT-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USDCoin (USDC-USD) and Tether (USDT-USD). The values are adjusted to include any dividend payments, if applicable.

USDC-USD vs. USDT-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
USDC-USD USDCoin	0.03%	-0.03%	-0.02%	0.02%	-0.01%	0.03%	-0.40%	-1.26%	1.43%
USDT-USD Tether	0.13%	0.07%	-0.18%	0.03%	-0.07%	-0.05%	0.09%	-1.38%	1.80%

Returns By Period

In the year-to-date period, USDC-USD achieves a 0.03% return, which is significantly lower than USDT-USD's 0.13% return.

USDC-USD

• 1D: 0.00%
• 1M: -0.00%
• YTD: 0.03%
• 6M: 0.02%
• 1Y: -0.00%
• 3Y*: 0.01%
• 5Y*: -0.00%
• 10Y*: —

USDT-USD

• 1D: 0.00%
• 1M: -0.00%
• YTD: 0.13%
• 6M: -0.08%
• 1Y: 0.01%
• 3Y*: -0.01%
• 5Y*: -0.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

USDC-USD vs. USDT-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USDC-USD

USDC-USD Risk / Return Rank: 79
USDC-USD Sharpe Ratio Rank: 79
USDC-USD Sortino Ratio Rank: 73
USDC-USD Omega Ratio Rank: 73
USDC-USD Calmar Ratio Rank: 86
USDC-USD Martin Ratio Rank: 86

USDT-USD

USDT-USD Risk / Return Rank: 79
USDT-USD Sharpe Ratio Rank: 81
USDT-USD Sortino Ratio Rank: 75
USDT-USD Omega Ratio Rank: 75
USDT-USD Calmar Ratio Rank: 82
USDT-USD Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USDC-USD vs. USDT-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-USD) and Tether (USDT-USD). 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.

	USDC-USD	USDT-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.00	0.03	-0.03
Sortino ratio Return per unit of downside risk	0.00	0.05	-0.04
Omega ratio Gain probability vs. loss probability	1.00	1.00	0.00
Calmar ratio Return relative to maximum drawdown	-0.00	-0.20	+0.20
Martin ratio Return relative to average drawdown	-0.00	-0.44	+0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USDC-USD vs. USDT-USD - Sharpe Ratio Comparison

The current USDC-USD Sharpe Ratio is -0.00, which is lower than the USDT-USD Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of USDC-USD and USDT-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USDC-USD	USDT-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	0.03	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	-0.06	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.00	-0.01

Correlation

The correlation between USDC-USD and USDT-USD is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

USDC-USD vs. USDT-USD - Drawdown Comparison

The maximum USDC-USD drawdown since its inception was -6.79%, smaller than the maximum USDT-USD drawdown of -10.32%. Use the drawdown chart below to compare losses from any high point for USDC-USD and USDT-USD.

Drawdown Indicators

	USDC-USD	USDT-USD	Difference
Max Drawdown Largest peak-to-trough decline	-6.79%	-10.32%	+3.53%
Max Drawdown (1Y) Largest decline over 1 year	-0.06%	-0.39%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-3.32%	-1.54%	-1.78%
Current Drawdown Current decline from peak	-3.62%	-7.23%	+3.61%
Average Drawdown Average peak-to-trough decline	-3.48%	-6.93%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.18%	-0.16%

Volatility

USDC-USD vs. USDT-USD - Volatility Comparison

The current volatility for USDCoin (USDC-USD) is 0.05%, while Tether (USDT-USD) has a volatility of 0.13%. This indicates that USDC-USD experiences smaller price fluctuations and is considered to be less risky than USDT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDC-USD	USDT-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	0.13%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	0.13%	0.39%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	0.14%	0.40%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.53%	0.82%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	6.85%	-3.55%