PYRE vs Tether

Tether (USDT) is 20881844.8× the size of PYRE (PYRE) by market capitalisation. Over the past 30 days, PYRE is ahead by 72.0 percentage points (PYRE +72.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.11 across 24 shared trading days). PYRE has been the more volatile of the two, at 1206% annualised against USDT's 1%.

Correlation: 0.11
Size ratio: 1 : 20881844.8
Ahead over 30 days: PYRE

PYREPYRE

$8.890e-6

24h: —
Market cap: $8,538
Volume 24h: $6
Volatility (ann.): 1206%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

PYREUSDT

7 days-22.49%+0.03%USDT
30 days+71.99%-0.04%PYRE

Correlation

0.11over 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	PYRE	USDT
Max drawdown (400d)	-82.8%	-0.2%
Risk-adjusted return (90d)	-0.03	0.03

Relative strength over 90 days: PYRE outperformed USDT by 75.2% — measured on the PYRE/USDT ratio, so it holds regardless of market direction.

PYRE →Tether →