Polkagold vs Tether

Tether (USDT) is 1175074.3× the size of Polkagold (PGOLD) by market capitalisation. Over the past 30 days, USDT is ahead by 16.0 percentage points (PGOLD -16.0% against USDT -0.0%). Their daily returns move loosely together (correlation 0.56 across 20 shared trading days). PGOLD has been the more volatile of the two, at 69% annualised against USDT's 1%.

Correlation: 0.56
Size ratio: 1 : 1175074.3
Ahead over 30 days: USDT

PolkagoldPGOLD

$0.015170

24h: +8.36%
Market cap: $151,716
Volume 24h: $2,518
Volatility (ann.): 69%

TetherUSDT

$0.999461

24h: +0.05%
Market cap: $178.28B
Volume 24h: $56.82B
Volatility (ann.): 1%

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

Performance

PGOLDUSDT

7 days-3.65%+0.03%USDT
30 days-15.99%-0.04%USDT

Correlation

0.56over 20 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	PGOLD	USDT
Max drawdown (400d)	-28.0%	-0.2%
Risk-adjusted return (90d)	-0.23	0.03

Relative strength over 90 days: USDT outperformed PGOLD by 17.1% — measured on the PGOLD/USDT ratio, so it holds regardless of market direction.

Polkagold →Tether →