Best Patent Token vs Tether

Tether (USDT) is 99340.0× the size of Best Patent Token (BPT) by market capitalisation. Over the past 30 days, USDT is ahead by 38.8 percentage points (BPT -38.9% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.22 across 21 shared trading days). BPT has been the more volatile of the two, at 66% annualised against USDT's 1%.

Correlation: -0.22
Size ratio: 1 : 99340.0
Ahead over 30 days: USDT

Best Patent TokenBPT

$0.000359

24h: +0.02%
Market cap: $1.79M
Volume 24h: $10,044
Volatility (ann.): 66%

TetherUSDT

$0.999249

24h: +0.04%
Market cap: $178.24B
Volume 24h: $59.40B
Volatility (ann.): 1%

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

Performance

BPTUSDT

7 days-11.10%+0.03%USDT
30 days-38.90%-0.08%USDT

Correlation

-0.22over 21 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	BPT	USDT
Max drawdown (400d)	-39.1%	-0.2%
Risk-adjusted return (90d)	-0.59	-0.03

Relative strength over 90 days: USDT outperformed BPT by 38.9% — measured on the BPT/USDT ratio, so it holds regardless of market direction.

Best Patent Token →Tether →