Aquabank bCircle vs Aquabank bTether

Aquabank bCircle (BUSDC) is 1.4× the size of Aquabank bTether (BUSDT) by market capitalisation. Over the past 30 days, BUSDT is ahead by 0.0 percentage points (BUSDC +0.1% against BUSDT +0.1%). Their daily returns move loosely together (correlation 0.39 across 31 shared trading days). BUSDT has been the more volatile of the two, at 9% annualised against BUSDC's 1%.

Correlation: 0.39
Size ratio: 1.4×
Ahead over 30 days: BUSDT

Aquabank bCircleBUSDC

$1.0000

24h: +0.02%
Market cap: $184,363
Volume 24h: $332,796
Volatility (ann.): 1%

Aquabank bTetherBUSDT

$0.999844

24h: +0.01%
Market cap: $134,730
Volume 24h: $61,137
Volatility (ann.): 9%

BUSDC 57.8%Share of the two combined market caps42.2% BUSDT

Performance

BUSDCBUSDT

7 days+0.00%+0.25%BUSDT
30 days+0.08%+0.11%BUSDT

Correlation

0.39over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	BUSDC	BUSDT
Max drawdown (400d)	-0.2%	-1.8%
Risk-adjusted return (90d)	0.07	0.02

Relative strength over 90 days: BUSDC outperformed BUSDT by 0.1% — measured on the BUSDC/BUSDT ratio, so it holds regardless of market direction.

Aquabank bCircle →Aquabank bTether →