Tether (USDT) is 38743.4× the size of Robinhood (bStocks Tokenized Stock) (HOODB) by market capitalisation. Over the past 30 days, HOODB is ahead by 25.3 percentage points (HOODB +25.4% against USDT +0.0%). Their daily returns move loosely together (correlation 0.47 across 31 shared trading days). HOODB has been the more volatile of the two, at 82% annualised against USDT's 0%.
| Period | HOODB | USDT | Ahead |
|---|---|---|---|
| 7 days | +7.05% | -0.01% | HOODB |
| 30 days | +25.39% | +0.05% | HOODB |
| Metric | HOODB | USDT |
|---|---|---|
| Max drawdown (400d) | -25.6% | -0.0% |
| Risk-adjusted return (90d) | 0.04 | 0.19 |
Relative strength over 90 days: HOODB outperformed USDT by 13.2% — measured on the HOODB/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.