Piece of Nasty Shit vs Tether
Piece of Nasty Shit (PONS) and Tether (USDT) compared side by side. Over the past 30 days, PONS is ahead by 62.8 percentage points (PONS +62.8% against USDT +0.0%). Their daily returns move loosely together (correlation 0.43 across 23 shared trading days). PONS has been the more volatile of the two, at 359% annualised against USDT's 0%.
Performance
| Period | PONS | USDT | Ahead |
|---|---|---|---|
| 7 days | -26.73% | +0.00% | USDT |
| 30 days | +62.78% | +0.01% | PONS |
Risk & extremes
| Metric | PONS | USDT |
|---|---|---|
| Max drawdown (400d) | -43.1% | -0.0% |
| Risk-adjusted return (90d) | 0.96 | 0.22 |
Relative strength over 90 days: PONS outperformed USDT by 392.3% — measured on the PONS/USDT ratio, so it holds regardless of market direction.
Correlation
0.43over 23 shared trading days
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.