USDT-USD vs. ^GSPC
Compare and contrast key facts about Tether (USDT-USD) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USDT-USD or ^GSPC.
Correlation
The correlation between USDT-USD and ^GSPC is 0.06, 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.
Performance
USDT-USD vs. ^GSPC - Performance Comparison
Key characteristics
USDT-USD:
-0.21
^GSPC:
2.16
USDT-USD:
-0.30
^GSPC:
2.87
USDT-USD:
0.97
^GSPC:
1.40
USDT-USD:
0.00
^GSPC:
3.19
USDT-USD:
-1.37
^GSPC:
13.87
USDT-USD:
0.11%
^GSPC:
1.95%
USDT-USD:
0.64%
^GSPC:
12.54%
USDT-USD:
-10.32%
^GSPC:
-56.78%
USDT-USD:
-7.29%
^GSPC:
-0.82%
Returns By Period
In the year-to-date period, USDT-USD achieves a -0.04% return, which is significantly lower than ^GSPC's 26.63% return.
USDT-USD
-0.04%
-0.16%
-0.05%
-0.13%
-0.09%
N/A
^GSPC
26.63%
1.18%
10.44%
27.03%
13.30%
11.23%
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Risk-Adjusted Performance
USDT-USD vs. ^GSPC - Risk-Adjusted Performance Comparison
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
USDT-USD vs. ^GSPC - Drawdown Comparison
The maximum USDT-USD drawdown since its inception was -10.32%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for USDT-USD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
USDT-USD vs. ^GSPC - Volatility Comparison
The current volatility for Tether (USDT-USD) is 0.30%, while S&P 500 (^GSPC) has a volatility of 3.93%. This indicates that USDT-USD experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.