REAL vs Provenance Blockchain

Provenance Blockchain (HASH) is 12.3× the size of REAL (ASSET) by market capitalisation. Over the past 30 days, HASH is ahead by 6.8 percentage points (ASSET -29.5% against HASH -22.7%). Their daily returns move barely together (correlation 0.04 across 48 shared trading days). HASH has been the more volatile of the two, at 160% annualised against ASSET's 56%.

Correlation: 0.04
Size ratio: 1 : 12.3
Ahead over 30 days: HASH

REALASSET

$0.170989

24h: +0.36%
Market cap: $30.10M
Volume 24h: $91,588
Volatility (ann.): 56%

Provenance BlockchainHASH

$0.006171

24h: -0.62%
Market cap: $369.16M
Volume 24h: $2,542
Volatility (ann.): 160%

ASSET 7.5%Share of the two combined market caps92.5% HASH

Performance

ASSETHASH

7 days-5.45%-15.08%ASSET
30 days-29.53%-22.75%HASH

Correlation

0.04over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	ASSET	HASH
Max drawdown (400d)	-35.8%	-30.9%
Risk-adjusted return (90d)	-0.59	-0.10

Relative strength over 90 days: HASH outperformed ASSET by 15.8% — measured on the ASSET/HASH ratio, so it holds regardless of market direction.

REAL →Provenance Blockchain →