BOXABL vs Tether

Tether (USDT) is 780975.2× the size of BOXABL (BOXABL) by market capitalisation. Over the past 30 days, USDT is ahead by 10.7 percentage points (BOXABL -10.7% against USDT -0.0%). Their daily returns move barely together (correlation 0.13 across 24 shared trading days). BOXABL has been the more volatile of the two, at 187% annualised against USDT's 1%.

Correlation: 0.13
Size ratio: 1 : 780975.2
Ahead over 30 days: USDT

BOXABLBOXABL

$0.000233

24h: -0.93%
Market cap: $228,270
Volume 24h: $937
Volatility (ann.): 187%

TetherUSDT

$0.999436

24h: +0.06%
Market cap: $178.27B
Volume 24h: $57.38B
Volatility (ann.): 1%

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

Performance

BOXABLUSDT

7 days+15.10%+0.03%BOXABL
30 days-10.75%-0.04%USDT

Correlation

0.13over 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	BOXABL	USDT
Max drawdown (400d)	-37.1%	-0.2%
Risk-adjusted return (90d)	-0.06	0.03

Relative strength over 90 days: USDT outperformed BOXABL by 10.1% — measured on the BOXABL/USDT ratio, so it holds regardless of market direction.

BOXABL →Tether →