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Snap (Backpack Securities) vs BlackRock USD Institutional Digital Liquidity Fund

BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is 11547.7× the size of Snap (Backpack Securities) (SNAP) by market capitalisation. Over the past 30 days, SNAP is ahead by 3.6 percentage points (SNAP +3.6% against BUIDL +0.0%). Both have run at a similar volatility, around 30% annualised.

Size ratio
1 : 11547.7
Ahead over 30 days
SNAP
Snap (Backpack Securities)SNAP

$5.2700

24h
-3.86%
Market cap
$164,511
Volume 24h
$231,127
Volatility (ann.)
61%
BlackRock USD Institutional Digital Liquidity FundBUIDL

$1.0000

24h
+0.00%
Market cap
$1.90B
Volume 24h
—
Volatility (ann.)
0%
SNAP 0.0%Share of the two combined market caps100.0% BUIDL

Performance

SNAPBUIDL

  1. 7 days-3.89%+0.00%BUIDL
  2. 30 days+3.65%+0.00%SNAP

Risk & extremes

MetricSNAPBUIDL
Max drawdown (400d)-12.7%0.0%
Risk-adjusted return (90d)0.06—

Relative strength over 90 days: SNAP outperformed BUIDL by 3.6% — measured on the SNAP/BUIDL ratio, so it holds regardless of market direction.

Snap (Backpack Securities) →BlackRock USD Institutional Digital Liquidity Fund →