Baby BFT vs Tether

Tether (USDT) is 241912.7× the size of Baby BFT (BBFT) by market capitalisation. Over the past 30 days, USDT is ahead by 29.5 percentage points (BBFT -29.6% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.12 across 28 shared trading days). BBFT has been the more volatile of the two, at 141% annualised against USDT's 1%.

Correlation: -0.12
Size ratio: 1 : 241912.7
Ahead over 30 days: USDT

Baby BFTBBFT

$7.368e-5

24h: -4.36%
Market cap: $736,811
Volume 24h: $2,588
Volatility (ann.): 141%

TetherUSDT

$0.999272

24h: +0.04%
Market cap: $178.24B
Volume 24h: $58.30B
Volatility (ann.): 1%

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

Performance

BBFTUSDT

7 days-16.24%+0.03%USDT
30 days-29.60%-0.08%USDT

Correlation

-0.12over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	BBFT	USDT
Max drawdown (400d)	-40.5%	-0.2%
Risk-adjusted return (90d)	-0.13	-0.03

Relative strength over 90 days: USDT outperformed BBFT by 18.6% — measured on the BBFT/USDT ratio, so it holds regardless of market direction.

Baby BFT →Tether →