Tether (USDT) is 66661.1× the size of Perpetual Protocol (PERP) by market capitalisation. PERP has been the more volatile of the two, at 127% annualised against USDT's 0%.
| Period | PERP | USDT | Ahead |
|---|---|---|---|
| 7 days | -9.25% | -0.01% | USDT |
| 30 days | -46.30% | +0.05% | USDT |
| 90 days | -55.86% | — | — |
| Metric | PERP | USDT |
|---|---|---|
| Max drawdown (400d) | -63.3% | -0.0% |
| Risk-adjusted return (90d) | -0.44 | 0.19 |