Wigger Pig vs Tether

Tether (USDT) is 8060624.2× the size of Wigger Pig (PIGGER) by market capitalisation. Over the past 30 days, USDT is ahead by 41.2 percentage points (PIGGER -41.2% against USDT -0.1%). Their daily returns move barely together (correlation 0.07 across 20 shared trading days). PIGGER has been the more volatile of the two, at 108% annualised against USDT's 1%.

Correlation: 0.07
Size ratio: 1 : 8060624.2
Ahead over 30 days: USDT

Wigger PigPIGGER

$2.204e-5

24h: -6.55%
Market cap: $22,029
Volume 24h: $220
Volatility (ann.): 108%

TetherUSDT

$0.998990

24h: -0.03%
Market cap: $177.57B
Volume 24h: $68.16B
Volatility (ann.): 1%

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

Performance

PIGGERUSDT

7 days-13.59%+0.07%USDT
30 days-41.24%-0.09%USDT

Correlation

0.07over 20 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	PIGGER	USDT
Max drawdown (400d)	-45.2%	-0.2%
Risk-adjusted return (90d)	-0.38	-0.05

Relative strength over 90 days: USDT outperformed PIGGER by 31.4% — measured on the PIGGER/USDT ratio, so it holds regardless of market direction.

Wigger Pig →Tether →