Plume USD vs Tether

Tether (USDT) is 113276.1× the size of Plume USD (PUSD) by market capitalisation. Over the past 30 days, PUSD is ahead by 0.1 percentage points (PUSD +0.0% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.33 across 21 shared trading days). PUSD has been the more volatile of the two, at 6% annualised against USDT's 1%.

Correlation: -0.33
Size ratio: 1 : 113276.1
Ahead over 30 days: PUSD

Plume USDPUSD

$0.999653

24h: +0.10%
Market cap: $1.57M
Volume 24h: $3,116
Volatility (ann.): 6%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

PUSDUSDT

7 days+0.10%+0.03%PUSD
30 days+0.00%-0.08%PUSD

Correlation

-0.33over 21 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	PUSD	USDT
Max drawdown (400d)	-1.1%	-0.2%
Risk-adjusted return (90d)	0.00	-0.03

Relative strength over 90 days: USDT outperformed PUSD by 0.1% — measured on the PUSD/USDT ratio, so it holds regardless of market direction.

Plume USD →Tether →