Bitcoin (BTC) is 693.1× the size of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) by market capitalisation. Both have run at a similar volatility, around 22% annualised.
| Period | BUIDL | BTC | Ahead |
|---|---|---|---|
| 7 days | +0.00% | +5.14% | BTC |
| 30 days | +0.00% | +11.26% | BTC |
| 90 days | — | +28.33% | — |
| 1 year | — | -29.73% | — |
| Metric | BUIDL | BTC |
|---|---|---|
| Max drawdown (400d) | 0.0% | -53.0% |
| Risk-adjusted return (90d) | — | 0.74 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: BTC outperformed BUIDL by 16.9% — measured on the BUIDL/BTC ratio, so it holds regardless of market direction.