BloxAPI vs Tether

Tether (USDT) is 16009094.8× the size of BloxAPI (BLOXX) by market capitalisation. Over the past 30 days, USDT is ahead by 41.3 percentage points (BLOXX -41.3% against USDT -0.0%). Their daily returns move loosely in opposite directions (correlation -0.43 across 22 shared trading days). BLOXX has been the more volatile of the two, at 63% annualised against USDT's 1%.

Correlation: -0.43
Size ratio: 1 : 16009094.8
Ahead over 30 days: USDT

BloxAPIBLOXX

$1.352e-5

24h: —
Market cap: $11,089
Volume 24h: $12
Volatility (ann.): 63%

TetherUSDT

$0.998974

24h: -0.04%
Market cap: $177.52B
Volume 24h: $66.46B
Volatility (ann.): 1%

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

Performance

BLOXXUSDT

7 days-14.29%+0.03%USDT
30 days-41.32%-0.04%USDT

Correlation

-0.43over 22 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	BLOXX	USDT
Max drawdown (400d)	-46.9%	-0.2%
Risk-adjusted return (90d)	-0.72	0.03

Relative strength over 90 days: USDT outperformed BLOXX by 22.6% — measured on the BLOXX/USDT ratio, so it holds regardless of market direction.

BloxAPI →Tether →