Tether (USDT) is 132.1× the size of Bitget Token (BGB) by market capitalisation. Over the past 30 days, BGB is ahead by 16.2 percentage points (BGB +16.3% against USDT +0.0%). Their daily returns move loosely together (correlation 0.38 across 31 shared trading days). BGB has been the more volatile of the two, at 44% annualised against USDT's 0%.
| Period | BGB | USDT | Ahead |
|---|---|---|---|
| 7 days | -3.98% | -0.01% | USDT |
| 30 days | +16.27% | +0.05% | BGB |
| Metric | BGB | USDT |
|---|---|---|
| Max drawdown (400d) | -6.0% | -0.0% |
| Risk-adjusted return (90d) | 0.37 | 0.19 |
Relative strength over 90 days: BGB outperformed USDT by 16.2% — measured on the BGB/USDT 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.