Bitcos Pro vs Tether

Tether (USDT) is 153832587.9× the size of Bitcos Pro (BOS) by market capitalisation. Over the past 30 days, USDT is ahead by 65.0 percentage points (BOS -65.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.29 across 20 shared trading days). BOS has been the more volatile of the two, at 296% annualised against USDT's 1%.

Correlation: 0.29
Size ratio: 1 : 153832587.9
Ahead over 30 days: USDT

Bitcos ProBOS

$0.000725

24h: —
Market cap: $1,159
Volume 24h: $64
Volatility (ann.): 296%

TetherUSDT

$0.999386

24h: +0.04%
Market cap: $178.26B
Volume 24h: $63.78B
Volatility (ann.): 1%

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

Performance

BOSUSDT

7 days-40.80%+0.03%USDT
30 days-65.05%-0.04%USDT

Correlation

0.29over 20 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	BOS	USDT
Max drawdown (400d)	-65.0%	-0.2%
Risk-adjusted return (90d)	-0.22	0.03

Relative strength over 90 days: USDT outperformed BOS by 52.1% — measured on the BOS/USDT ratio, so it holds regardless of market direction.

Bitcos Pro →Tether →