boner vs Tether

Tether (USDT) is 33445946.7× the size of boner (BONER) by market capitalisation. Over the past 30 days, USDT is ahead by 20.2 percentage points (BONER -20.3% against USDT -0.1%). Their daily returns move loosely in opposite directions (correlation -0.40 across 20 shared trading days). BONER has been the more volatile of the two, at 56% annualised against USDT's 1%.

Correlation: -0.40
Size ratio: 1 : 33445946.7
Ahead over 30 days: USDT

bonerBONER

$5.320e-6

24h: —
Market cap: $5,309
Volume 24h: —
Volatility (ann.): 56%

TetherUSDT

$0.998937

24h: -0.04%
Market cap: $177.56B
Volume 24h: $67.91B
Volatility (ann.): 1%

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

Performance

BONERUSDT

7 days-7.18%+0.07%USDT
30 days-20.28%-0.09%USDT

Correlation

-0.40over 20 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	BONER	USDT
Max drawdown (400d)	-29.5%	-0.2%
Risk-adjusted return (90d)	-0.36	-0.05

Relative strength over 90 days: USDT outperformed BONER by 19.5% — measured on the BONER/USDT ratio, so it holds regardless of market direction.

boner →Tether →