Premium vs Tether

Tether (USDT) is 1837365.7× the size of Premium (PRM) by market capitalisation. Over the past 30 days, USDT is ahead by 85.7 percentage points (PRM -85.8% against USDT -0.1%). Their daily returns move barely together (correlation 0.11 across 21 shared trading days). PRM has been the more volatile of the two, at 703% annualised against USDT's 1%.

Correlation: 0.11
Size ratio: 1 : 1837365.7
Ahead over 30 days: USDT

PremiumPRM

$0.000103

24h: -3.51%
Market cap: $97,017
Volume 24h: $470
Volatility (ann.): 703%

TetherUSDT

$0.999338

24h: +0.02%
Market cap: $178.26B
Volume 24h: $64.56B
Volatility (ann.): 1%

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

Performance

PRMUSDT

7 days-18.27%+0.03%USDT
30 days-85.81%-0.08%USDT

Correlation

0.11over 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	PRM	USDT
Max drawdown (400d)	-91.3%	-0.2%
Risk-adjusted return (90d)	-0.12	-0.03

Relative strength over 90 days: USDT outperformed PRM by 82.8% — measured on the PRM/USDT ratio, so it holds regardless of market direction.

Premium →Tether →