Ethereum (ETH) is 238.7× the size of BFUSD (BFUSD) by market capitalisation. Over the past 1 year, BFUSD is ahead by 41.1 percentage points (BFUSD +0.1% against ETH -41.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 399 shared trading days). ETH has been the more volatile of the two, at 65% annualised against BFUSD's 0%.
| Period | BFUSD | ETH | Ahead |
|---|---|---|---|
| 7 days | +0.00% | +4.23% | ETH |
| 30 days | +0.01% | +13.15% | ETH |
| 90 days | +0.04% | +54.23% | ETH |
| 1 year | +0.05% | -41.08% | BFUSD |
| Metric | BFUSD | ETH |
|---|---|---|
| Max drawdown (400d) | -0.1% | -67.5% |
| Risk-adjusted return (90d) | 0.11 | 0.97 |
| Best 30 days (past year) | +0.1% | +34.1% |
| Worst 30 days (past year) | -0.1% | -44.6% |
Relative strength over 90 days: ETH outperformed BFUSD by 35.1% — measured on the BFUSD/ETH ratio, so it holds regardless of market direction.
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.