Canton vs Hedera
Canton (CC) is 1.0× the size of Hedera (HBAR) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 31 shared trading days). CC has been the more volatile of the two, at 88% annualised against HBAR's 68%.
Performance
| Period | CC | HBAR | Ahead |
|---|---|---|---|
| 7 days | -11.69% | +33.36% | HBAR |
| 30 days | -0.15% | +24.17% | HBAR |
| 90 days | — | +31.00% | — |
| 1 year | — | -55.40% | — |
Risk & extremes
| Metric | CC | HBAR |
|---|---|---|
| Max drawdown (400d) | -23.3% | -74.8% |
| Risk-adjusted return (90d) | 0.00 | 0.59 |
| Best 30 days (past year) | — | +24.2% |
| Worst 30 days (past year) | — | -39.4% |
Relative strength over 90 days: HBAR outperformed CC by 13.1% — measured on the CC/HBAR ratio, so it holds regardless of market direction.
Correlation
0.28over 31 shared trading days
7d: insufficient data30d: 0.2890d: 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.