BV7X vs Tether

Tether (USDT) is 325546.7× the size of BV7X (BV7X) by market capitalisation. Over the past 30 days, USDT is ahead by 3.7 percentage points (BV7X -3.8% against USDT -0.1%). Their daily returns move loosely in opposite directions (correlation -0.37 across 20 shared trading days). BV7X has been the more volatile of the two, at 2511% annualised against USDT's 1%.

Correlation: -0.37
Size ratio: 1 : 325546.7
Ahead over 30 days: USDT

BV7XBV7X

$0.000547

24h: —
Market cap: $547,288
Volume 24h: —
Volatility (ann.): 2511%

TetherUSDT

$0.998845

24h: +0.01%
Market cap: $178.17B
Volume 24h: $49.77B
Volatility (ann.): 1%

BV7X 0.0%Share of the two combined market caps100.0% USDT

Performance

BV7XUSDT

7 days+104.14%+0.03%BV7X
30 days-3.77%-0.08%USDT

Correlation

-0.37over 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	BV7X	USDT
Max drawdown (400d)	-91.6%	-0.2%
Risk-adjusted return (90d)	-0.01	-0.03

Relative strength over 90 days: BV7X outperformed USDT by 48.6% — measured on the BV7X/USDT ratio, so it holds regardless of market direction.

BV7X →Tether →