perpspad vs Tether

Tether (USDT) is 411928.7× the size of perpspad (PERPSPAD) by market capitalisation. Over the past 30 days, USDT is ahead by 70.5 percentage points (PERPSPAD -70.5% against USDT -0.0%). Their daily returns move barely together (correlation 0.03 across 31 shared trading days). PERPSPAD has been the more volatile of the two, at 3404% annualised against USDT's 1%.

Correlation: 0.03
Size ratio: 1 : 411928.7
Ahead over 30 days: USDT

perpspadPERPSPAD

$0.000590

24h: +6.39%
Market cap: $432,803
Volume 24h: $5,305
Volatility (ann.): 3404%

TetherUSDT

$0.999497

24h: +0.05%
Market cap: $178.28B
Volume 24h: $57.53B
Volatility (ann.): 1%

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

Performance

PERPSPADUSDT

7 days-29.92%+0.03%USDT
30 days-70.50%-0.04%USDT

Correlation

0.03over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	PERPSPAD	USDT
Max drawdown (400d)	-91.8%	-0.2%
Risk-adjusted return (90d)	0.08	0.03

Relative strength over 90 days: PERPSPAD outperformed USDT by 268.1% — measured on the PERPSPAD/USDT ratio, so it holds regardless of market direction.

perpspad →Tether →