Pumpkin vs Tether

Tether (USDT) is 20518436.4× the size of Pumpkin (PUMPKIN) by market capitalisation. Over the past 30 days, USDT is ahead by 95.8 percentage points (PUMPKIN -95.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.19 across 23 shared trading days). PUMPKIN has been the more volatile of the two, at 615% annualised against USDT's 1%.

Correlation: 0.19
Size ratio: 1 : 20518436.4
Ahead over 30 days: USDT

PumpkinPUMPKIN

$8.670e-6

24h: +1.39%
Market cap: $8,651
Volume 24h: $93
Volatility (ann.): 615%

TetherUSDT

$0.998912

24h: -0.04%
Market cap: $177.51B
Volume 24h: $64.05B
Volatility (ann.): 1%

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

Performance

PUMPKINUSDT

7 days-95.54%+0.03%USDT
30 days-95.80%-0.04%USDT

Correlation

0.19over 23 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	PUMPKIN	USDT
Max drawdown (400d)	-98.2%	-0.2%
Risk-adjusted return (90d)	-0.14	0.03

Relative strength over 90 days: USDT outperformed PUMPKIN by 89.1% — measured on the PUMPKIN/USDT ratio, so it holds regardless of market direction.

Pumpkin →Tether →