BaoBao vs Tether

Tether (USDT) is 2727990.0× the size of BaoBao (BAOBAO) by market capitalisation. Over the past 30 days, USDT is ahead by 31.9 percentage points (BAOBAO -32.0% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.10 across 24 shared trading days). BAOBAO has been the more volatile of the two, at 61% annualised against USDT's 1%.

Correlation: -0.10
Size ratio: 1 : 2727990.0
Ahead over 30 days: USDT

BaoBaoBAOBAO

$0.000121

24h: +3.55%
Market cap: $65,072
Volume 24h: $83
Volatility (ann.): 61%

TetherUSDT

$0.998963

24h: -0.04%
Market cap: $177.52B
Volume 24h: $61.96B
Volatility (ann.): 1%

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

Performance

BAOBAOUSDT

7 days-18.14%+0.03%USDT
30 days-31.98%-0.04%USDT

Correlation

-0.10over 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	BAOBAO	USDT
Max drawdown (400d)	-36.1%	-0.2%
Risk-adjusted return (90d)	-0.55	0.03

Relative strength over 90 days: USDT outperformed BAOBAO by 24.3% — measured on the BAOBAO/USDT ratio, so it holds regardless of market direction.

BaoBao →Tether →