PMFI vs Tether

Tether (USDT) is 7279749.5× the size of PMFI (PMFI) by market capitalisation. Over the past 30 days, USDT is ahead by 29.2 percentage points (PMFI -29.3% against USDT -0.1%). Their daily returns move barely together (correlation 0.17 across 21 shared trading days). PMFI has been the more volatile of the two, at 72% annualised against USDT's 1%.

Correlation: 0.17
Size ratio: 1 : 7279749.5
Ahead over 30 days: USDT

PMFIPMFI

$2.439e-7

24h: +1.38%
Market cap: $24,392
Volume 24h: $76
Volatility (ann.): 72%

TetherUSDT

$0.999003

24h: -0.03%
Market cap: $177.57B
Volume 24h: $67.62B
Volatility (ann.): 1%

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

Performance

PMFIUSDT

7 days-2.00%+0.07%USDT
30 days-29.32%-0.09%USDT

Correlation

0.17over 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	PMFI	USDT
Max drawdown (400d)	-30.8%	-0.2%
Risk-adjusted return (90d)	-0.41	-0.05

Relative strength over 90 days: USDT outperformed PMFI by 25.2% — measured on the PMFI/USDT ratio, so it holds regardless of market direction.

PMFI →Tether →