Pege vs Tether

Tether (USDT) is 22634051.8× the size of Pege (PEGECOIN) by market capitalisation. Over the past 30 days, USDT is ahead by 22.3 percentage points (PEGECOIN -22.3% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.29 across 22 shared trading days). PEGECOIN has been the more volatile of the two, at 88% annualised against USDT's 1%.

Correlation: -0.29
Size ratio: 1 : 22634051.8
Ahead over 30 days: USDT

PegePEGECOIN

$7.890e-6

24h: +3.43%
Market cap: $7,877
Volume 24h: $76
Volatility (ann.): 88%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

PEGECOINUSDT

7 days-4.43%+0.03%USDT
30 days-22.32%-0.04%USDT

Correlation

-0.29over 22 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	PEGECOIN	USDT
Max drawdown (400d)	-27.5%	-0.2%
Risk-adjusted return (90d)	-0.25	0.03

Relative strength over 90 days: USDT outperformed PEGECOIN by 16.5% — measured on the PEGECOIN/USDT ratio, so it holds regardless of market direction.

Pege →Tether →