Bitcoin Cash vs Hedera
Bitcoin Cash (BCH) is 1.6× the size of Hedera (HBAR) by market capitalisation. Over the past 1 year, BCH is ahead by 16.3 percentage points (BCH -39.1% against HBAR -55.4%). Their daily returns move loosely together (correlation 0.56 across 399 shared trading days). BCH has been the more volatile of the two, at 78% annualised against HBAR's 68%.
Performance
| Period | BCH | HBAR | Ahead |
|---|---|---|---|
| 7 days | +59.18% | +33.36% | BCH |
| 30 days | +25.86% | +24.17% | BCH |
| 90 days | +81.25% | +31.00% | BCH |
| 1 year | -39.15% | -55.40% | BCH |
Risk & extremes
| Metric | BCH | HBAR |
|---|---|---|
| Max drawdown (400d) | -70.9% | -74.8% |
| Risk-adjusted return (90d) | 0.82 | 0.59 |
| Best 30 days (past year) | +31.1% | +24.2% |
| Worst 30 days (past year) | -56.8% | -39.4% |
Relative strength over 90 days: BCH outperformed HBAR by 38.4% — measured on the BCH/HBAR ratio, so it holds regardless of market direction.
Correlation
0.56over 399 shared trading days
7d: insufficient data30d: 0.6390d: 0.601y: 0.55
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.