PickleVault vs Tether

Tether (USDT) is 489596.5× the size of PickleVault (PICKLE) by market capitalisation. Over the past 30 days, USDT is ahead by 34.0 percentage points (PICKLE -34.1% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.19 across 23 shared trading days). PICKLE has been the more volatile of the two, at 138% annualised against USDT's 1%.

Correlation: -0.19
Size ratio: 1 : 489596.5
Ahead over 30 days: USDT

PickleVaultPICKLE

$0.000888

24h: -2.83%
Market cap: $364,063
Volume 24h: $607
Volatility (ann.): 138%

TetherUSDT

$0.999272

24h: +0.04%
Market cap: $178.24B
Volume 24h: $58.30B
Volatility (ann.): 1%

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

Performance

PICKLEUSDT

7 days-21.08%+0.03%USDT
30 days-34.12%-0.08%USDT

Correlation

-0.19over 23 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	PICKLE	USDT
Max drawdown (400d)	-39.0%	-0.2%
Risk-adjusted return (90d)	-0.16	-0.03

Relative strength over 90 days: USDT outperformed PICKLE by 36.4% — measured on the PICKLE/USDT ratio, so it holds regardless of market direction.

PickleVault →Tether →