PEZ vs Tether

Tether (USDT) is 1555706.4× the size of PEZ (PEZ) by market capitalisation. Over the past 30 days, USDT is ahead by 56.2 percentage points (PEZ -56.2% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.08 across 24 shared trading days). PEZ has been the more volatile of the two, at 337% annualised against USDT's 1%.

Correlation: -0.08
Size ratio: 1 : 1555706.4
Ahead over 30 days: USDT

PEZPEZ

$0.000115

24h: -11.55%
Market cap: $114,600
Volume 24h: $1,437
Volatility (ann.): 337%

TetherUSDT

$0.999497

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

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

Performance

PEZUSDT

7 days+21.39%+0.03%PEZ
30 days-56.23%-0.04%USDT

Correlation

-0.08over 24 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	PEZ	USDT
Max drawdown (400d)	-70.4%	-0.2%
Risk-adjusted return (90d)	0.03	0.03

Relative strength over 90 days: USDT outperformed PEZ by 28.3% — measured on the PEZ/USDT ratio, so it holds regardless of market direction.

PEZ →Tether →