pools.trade vs Tether

Tether (USDT) is 752375.5× the size of pools.trade (POOLS) by market capitalisation. Over the past 30 days, USDT is ahead by 85.4 percentage points (POOLS -85.5% against USDT -0.1%). Their daily returns move barely together (correlation 0.17 across 28 shared trading days). POOLS has been the more volatile of the two, at 500% annualised against USDT's 1%.

Correlation: 0.17
Size ratio: 1 : 752375.5
Ahead over 30 days: USDT

pools.tradePOOLS

$0.000237

24h: -1.05%
Market cap: $236,807
Volume 24h: $8,633
Volatility (ann.): 500%

TetherUSDT

$0.998845

24h: +0.01%
Market cap: $178.17B
Volume 24h: $49.77B
Volatility (ann.): 1%

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

Performance

POOLSUSDT

7 days-22.28%+0.03%USDT
30 days-85.50%-0.08%USDT

Correlation

0.17over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	POOLS	USDT
Max drawdown (400d)	-91.3%	-0.2%
Risk-adjusted return (90d)	-0.18	-0.03

Relative strength over 90 days: USDT outperformed POOLS by 89.8% — measured on the POOLS/USDT ratio, so it holds regardless of market direction.

pools.trade →Tether →