BOURSE vs Tether

Tether (USDT) is 956138.8× the size of BOURSE (BOURSE) by market capitalisation. Over the past 30 days, USDT is ahead by 72.0 percentage points (BOURSE -72.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.24 across 22 shared trading days). BOURSE has been the more volatile of the two, at 291% annualised against USDT's 1%.

Correlation: 0.24
Size ratio: 1 : 956138.8
Ahead over 30 days: USDT

BOURSEBOURSE

$2.0800

24h: +60.36%
Market cap: $186,446
Volume 24h: $6,764
Volatility (ann.): 291%

TetherUSDT

$0.999409

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

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

Performance

BOURSEUSDT

7 days-65.01%+0.03%USDT
30 days-72.03%-0.04%USDT

Correlation

0.24over 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	BOURSE	USDT
Max drawdown (400d)	-78.5%	-0.2%
Risk-adjusted return (90d)	-0.25	0.03

Relative strength over 90 days: USDT outperformed BOURSE by 71.4% — measured on the BOURSE/USDT ratio, so it holds regardless of market direction.

BOURSE →Tether →