BOOKUSD Share vs Tether

Tether (USDT) is 70177579.5× the size of BOOKUSD Share (BUSS) by market capitalisation. Over the past 30 days, USDT is ahead by 73.2 percentage points (BUSS -73.2% against USDT -0.0%). Their daily returns move barely together (correlation 0.09 across 22 shared trading days). BUSS has been the more volatile of the two, at 202% annualised against USDT's 1%.

Correlation: 0.09
Size ratio: 1 : 70177579.5
Ahead over 30 days: USDT

BOOKUSD ShareBUSS

$0.000135

24h: —
Market cap: $2,530
Volume 24h: $4
Volatility (ann.): 202%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

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

Performance

BUSSUSDT

7 days-11.54%+0.03%USDT
30 days-73.19%-0.04%USDT

Correlation

0.09over 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	BUSS	USDT
Max drawdown (400d)	-73.3%	-0.2%
Risk-adjusted return (90d)	-0.36	0.03

Relative strength over 90 days: USDT outperformed BUSS by 70.2% — measured on the BUSS/USDT ratio, so it holds regardless of market direction.

BOOKUSD Share →Tether →