Bogecoin vs Tether

Tether (USDT) is 18303282.7× the size of Bogecoin (BOGE) by market capitalisation. Over the past 30 days, USDT is ahead by 67.8 percentage points (BOGE -67.9% against USDT -0.1%). Their daily returns move barely together (correlation 0.14 across 24 shared trading days). BOGE has been the more volatile of the two, at 120% annualised against USDT's 1%.

Correlation: 0.14
Size ratio: 1 : 18303282.7
Ahead over 30 days: USDT

BogecoinBOGE

$9.700e-6

24h: -0.69%
Market cap: $9,701
Volume 24h: $19
Volatility (ann.): 120%

TetherUSDT

$0.999003

24h: -0.03%
Market cap: $177.57B
Volume 24h: $67.62B
Volatility (ann.): 1%

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

Performance

BOGEUSDT

7 days-9.26%+0.07%USDT
30 days-67.89%-0.09%USDT

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	BOGE	USDT
Max drawdown (400d)	-69.3%	-0.2%
Risk-adjusted return (90d)	-0.54	-0.05

Relative strength over 90 days: USDT outperformed BOGE by 35.7% — measured on the BOGE/USDT ratio, so it holds regardless of market direction.

Bogecoin →Tether →