PUSD_Polyquity vs Tether

PUSD_Polyquity (PUSD) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 6.3 percentage points (PUSD -6.3% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.32 across 21 shared trading days). PUSD has been the more volatile of the two, at 21% annualised against USDT's 1%.

Correlation: -0.32
Ahead over 30 days: USDT

PUSD_PolyquityPUSD

$0.131111

24h: +0.76%
Market cap: —
Volume 24h: $4
Volatility (ann.): 21%

TetherUSDT

$0.998912

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

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

Performance

PUSDUSDT

7 days-0.76%+0.03%USDT
30 days-6.31%-0.04%USDT

Correlation

-0.32over 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	PUSD	USDT
Max drawdown (400d)	-6.6%	-0.2%
Risk-adjusted return (90d)	-0.29	0.03

Relative strength over 90 days: USDT outperformed PUSD by 1.0% — measured on the PUSD/USDT ratio, so it holds regardless of market direction.

PUSD_Polyquity →Tether →