Purpose vs Tether

Purpose (PRPS) and Tether (USDT) compared side by side. Over the past 30 days, PRPS is ahead by 17.5 percentage points (PRPS +17.4% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.21 across 24 shared trading days). PRPS has been the more volatile of the two, at 42% annualised against USDT's 1%.

Correlation: -0.21
Ahead over 30 days: PRPS

PurposePRPS

$0.043328

24h: -0.31%
Market cap: —
Volume 24h: $158
Volatility (ann.): 42%

TetherUSDT

$0.999382

24h: +0.04%
Market cap: $178.26B
Volume 24h: $63.30B
Volatility (ann.): 1%

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

Performance

PRPSUSDT

7 days+6.35%+0.03%PRPS
30 days+17.45%-0.04%PRPS

Correlation

-0.21over 24 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	PRPS	USDT
Max drawdown (400d)	-9.5%	-0.2%
Risk-adjusted return (90d)	0.43	0.03

Relative strength over 90 days: PRPS outperformed USDT by 9.8% — measured on the PRPS/USDT ratio, so it holds regardless of market direction.

Purpose →Tether →