Tether (USDT) is 2458.8× the size of PumpMeme (PM) by market capitalisation. Over the past 30 days, PM is ahead by 103.1 percentage points (PM +103.1% against USDT +0.0%). Their daily returns move barely together (correlation 0.08 across 28 shared trading days). PM has been the more volatile of the two, at 112% annualised against USDT's 0%.
| Period | PM | USDT | Ahead |
|---|---|---|---|
| 7 days | +24.16% | -0.01% | PM |
| 30 days | +103.12% | +0.05% | PM |
| Metric | PM | USDT |
|---|---|---|
| Max drawdown (400d) | -3.9% | -0.0% |
| Risk-adjusted return (90d) | 0.92 | 0.19 |
Relative strength over 90 days: PM outperformed USDT by 102.2% — measured on the PM/USDT ratio, so it holds regardless of market direction.
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.