Patience Token vs Tether

Tether (USDT) is 138699.5× the size of Patience Token (PATIENCE) by market capitalisation. Over the past 30 days, USDT is ahead by 86.4 percentage points (PATIENCE -86.5% against USDT -0.1%). Their daily returns move loosely together (correlation 0.42 across 32 shared trading days). PATIENCE has been the more volatile of the two, at 258% annualised against USDT's 1%.

Correlation: 0.42
Size ratio: 1 : 138699.5
Ahead over 30 days: USDT

Patience TokenPATIENCE

$0.786807

24h: +1.32%
Market cap: $1.28M
Volume 24h: $327
Volatility (ann.): 258%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

PATIENCEUSDT

7 days-80.01%+0.03%USDT
30 days-86.46%-0.08%USDT

Correlation

0.42over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	PATIENCE	USDT
Max drawdown (400d)	-89.5%	-0.2%
Risk-adjusted return (90d)	-0.34	-0.03

Relative strength over 90 days: USDT outperformed PATIENCE by 86.4% — measured on the PATIENCE/USDT ratio, so it holds regardless of market direction.

Patience Token →Tether →