Peptides vs Tether

Tether (USDT) is 8791457.6× the size of Peptides (PEPTIDES) by market capitalisation. Over the past 30 days, USDT is ahead by 51.1 percentage points (PEPTIDES -51.2% against USDT -0.1%). Their daily returns move closely in opposite directions (correlation -0.73 across 20 shared trading days). PEPTIDES has been the more volatile of the two, at 131% annualised against USDT's 1%.

Correlation: -0.73
Size ratio: 1 : 8791457.6
Ahead over 30 days: USDT

PeptidesPEPTIDES

$2.363e-5

24h: +0.00%
Market cap: $20,197
Volume 24h: —
Volatility (ann.): 131%

TetherUSDT

$0.998954

24h: -0.04%
Market cap: $177.56B
Volume 24h: $67.70B
Volatility (ann.): 1%

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

Performance

PEPTIDESUSDT

7 days-5.24%+0.07%USDT
30 days-51.18%-0.09%USDT

Correlation

-0.73over 20 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	PEPTIDES	USDT
Max drawdown (400d)	-52.6%	-0.2%
Risk-adjusted return (90d)	-0.39	-0.05

Relative strength over 90 days: USDT outperformed PEPTIDES by 19.7% — measured on the PEPTIDES/USDT ratio, so it holds regardless of market direction.

Peptides →Tether →