Pandu Pandas vs Tether

Tether (USDT) is 1289702.1× the size of Pandu Pandas (PANDU) by market capitalisation. Over the past 30 days, PANDU is ahead by 2.7 percentage points (PANDU +2.6% against USDT -0.0%). Their daily returns move barely together (correlation 0.10 across 24 shared trading days). PANDU has been the more volatile of the two, at 692% annualised against USDT's 1%.

Correlation: 0.10
Size ratio: 1 : 1289702.1
Ahead over 30 days: PANDU

Pandu PandasPANDU

$0.000206

24h: +7.59%
Market cap: $138,229
Volume 24h: $8,251
Volatility (ann.): 692%

TetherUSDT

$0.999442

24h: +0.05%
Market cap: $178.27B
Volume 24h: $57.26B
Volatility (ann.): 1%

PANDU 0.0%Share of the two combined market caps100.0% USDT

Performance

PANDUUSDT

7 days-42.79%+0.03%USDT
30 days+2.65%-0.04%PANDU

Correlation

0.10over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	PANDU	USDT
Max drawdown (400d)	-65.5%	-0.2%
Risk-adjusted return (90d)	-0.03	0.03

Relative strength over 90 days: USDT outperformed PANDU by 1.9% — measured on the PANDU/USDT ratio, so it holds regardless of market direction.

Pandu Pandas →Tether →