BRLA Digital BRLA vs Tether

Tether (USDT) is 5631.7× the size of BRLA Digital BRLA (BRLA) by market capitalisation. Over the past 30 days, USDT is ahead by 6.7 percentage points (BRLA -6.7% against USDT -0.1%). Their daily returns move barely together (correlation 0.08 across 44 shared trading days). BRLA has been the more volatile of the two, at 26% annualised against USDT's 1%.

Correlation: 0.08
Size ratio: 1 : 5631.7
Ahead over 30 days: USDT

BRLA Digital BRLABRLA

$0.182183

24h: +0.23%
Market cap: $31.65M
Volume 24h: $304,236
Volatility (ann.): 26%

TetherUSDT

$0.999249

24h: +0.04%
Market cap: $178.24B
Volume 24h: $59.40B
Volatility (ann.): 1%

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

Performance

BRLAUSDT

7 days-3.04%+0.03%USDT
30 days-6.74%-0.08%USDT

Correlation

0.08over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	BRLA	USDT
Max drawdown (400d)	-9.4%	-0.2%
Risk-adjusted return (90d)	-0.24	-0.03

Relative strength over 90 days: USDT outperformed BRLA by 6.2% — measured on the BRLA/USDT ratio, so it holds regardless of market direction.

BRLA Digital BRLA →Tether →