Boardwalk vs Tether

Tether (USDT) is 913373.1× the size of Boardwalk (BWLK) by market capitalisation. Over the past 30 days, USDT is ahead by 76.0 percentage points (BWLK -76.0% against USDT -0.1%). Their daily returns move loosely together (correlation 0.59 across 30 shared trading days). BWLK has been the more volatile of the two, at 197% annualised against USDT's 1%.

Correlation: 0.59
Size ratio: 1 : 913373.1
Ahead over 30 days: USDT

BoardwalkBWLK

$0.065265

24h: —
Market cap: $195,126
Volume 24h: —
Volatility (ann.): 197%

TetherUSDT

$0.999148

24h: +0.04%
Market cap: $178.22B
Volume 24h: $56.79B
Volatility (ann.): 1%

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

Performance

BWLKUSDT

7 days-32.50%+0.03%USDT
30 days-76.04%-0.08%USDT

Correlation

0.59over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	BWLK	USDT
Max drawdown (400d)	-82.7%	-0.2%
Risk-adjusted return (90d)	-0.42	-0.03

Relative strength over 90 days: USDT outperformed BWLK by 79.4% — measured on the BWLK/USDT ratio, so it holds regardless of market direction.

Boardwalk →Tether →