BOB vs Tether

Tether (USDT) is 521488.6× the size of BOB (BOB) by market capitalisation. Over the past 30 days, BOB is ahead by 0.0 percentage points (BOB +0.0% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.14 across 24 shared trading days). BOB has been the more volatile of the two, at 5% annualised against USDT's 1%.

Correlation: -0.14
Size ratio: 1 : 521488.6
Ahead over 30 days: BOB

BOBBOB

$1.0010

24h: +0.15%
Market cap: $341,845
Volume 24h: $76
Volatility (ann.): 5%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

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

Performance

BOBUSDT

7 days+0.00%+0.03%USDT
30 days+0.00%-0.04%BOB

Correlation

-0.14over 24 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	BOB	USDT
Max drawdown (400d)	-1.1%	-0.2%
Risk-adjusted return (90d)	-0.01	0.03

Relative strength over 90 days: USDT outperformed BOB by 1.1% — measured on the BOB/USDT ratio, so it holds regardless of market direction.

BOB →Tether →