buidl vs Tether

Tether (USDT) is 5152862.7× the size of buidl (BUIDL) by market capitalisation. Over the past 30 days, USDT is ahead by 31.7 percentage points (BUIDL -31.7% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.35 across 22 shared trading days). BUIDL has been the more volatile of the two, at 53% annualised against USDT's 1%.

Correlation: -0.35
Size ratio: 1 : 5152862.7
Ahead over 30 days: USDT

buidlBUIDL

$3.446e-5

24h: +4.29%
Market cap: $34,451
Volume 24h: $32
Volatility (ann.): 53%

TetherUSDT

$0.998994

24h: -0.04%
Market cap: $177.52B
Volume 24h: $62.28B
Volatility (ann.): 1%

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

Performance

BUIDLUSDT

7 days-9.22%+0.03%USDT
30 days-31.75%-0.04%USDT

Correlation

-0.35over 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	BUIDL	USDT
Max drawdown (400d)	-33.5%	-0.2%
Risk-adjusted return (90d)	-0.59	0.03

Relative strength over 90 days: USDT outperformed BUIDL by 18.5% — measured on the BUIDL/USDT ratio, so it holds regardless of market direction.

buidl →Tether →