Phecda vs Tether
Phecda (PCD) and Tether (USDT) compared side by side. PCD has been the more volatile of the two, at 398% annualised against USDT's 1%.
Phecda (PCD) and Tether (USDT) compared side by side. PCD has been the more volatile of the two, at 398% annualised against USDT's 1%.
PCDUSDT
| Metric | PCD | USDT |
|---|---|---|
| Max drawdown (400d) | -32.9% | -0.2% |
| Risk-adjusted return (90d) | 0.19 | -0.03 |
Relative strength over 90 days: PCD outperformed USDT by 12.8% — measured on the PCD/USDT ratio, so it holds regardless of market direction.