Bucket Protocol BUCK Stablecoin vs Tether

Tether (USDT) is 6893.1× the size of Bucket Protocol BUCK Stablecoin (BUCK) by market capitalisation. Over the past 30 days, BUCK is ahead by 0.1 percentage points (BUCK +0.1% against USDT -0.0%). Their daily returns move barely together (correlation 0.18 across 35 shared trading days). BUCK has been the more volatile of the two, at 7% annualised against USDT's 1%.

Correlation: 0.18
Size ratio: 1 : 6893.1
Ahead over 30 days: BUCK

Bucket Protocol BUCK StablecoinBUCK

$0.992383

24h: -0.34%
Market cap: $25.77M
Volume 24h: $355,564
Volatility (ann.): 7%

TetherUSDT

$0.999471

24h: +0.04%
Market cap: $177.60B
Volume 24h: $55.08B
Volatility (ann.): 1%

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

Performance

BUCKUSDT

7 days-0.05%+0.03%USDT
30 days+0.06%-0.04%BUCK

Correlation

0.18over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	BUCK	USDT
Max drawdown (400d)	-1.5%	-0.2%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: BUCK outperformed USDT by 0.1% — measured on the BUCK/USDT ratio, so it holds regardless of market direction.

Bucket Protocol BUCK Stablecoin →Tether →