Tether (USDT) is 1793.8× the size of BULLA (BULLA) by market capitalisation. Over the past 30 days, BULLA is ahead by 545.8 percentage points (BULLA +545.8% against USDT +0.0%). Their daily returns move barely together (correlation 0.01 across 29 shared trading days). BULLA has been the more volatile of the two, at 754% annualised against USDT's 0%.
| Period | BULLA | USDT | Ahead |
|---|---|---|---|
| 7 days | +50.75% | -0.01% | BULLA |
| 30 days | +545.84% | +0.05% | BULLA |
| Metric | BULLA | USDT |
|---|---|---|
| Max drawdown (400d) | -16.8% | -0.0% |
| Risk-adjusted return (90d) | 0.72 | 0.19 |
Relative strength over 90 days: BULLA outperformed USDT by 311.5% — measured on the BULLA/USDT ratio, so it holds regardless of market direction.
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.