Cardano vs Hedera
Cardano (ADA) is 2.2× the size of Hedera (HBAR) by market capitalisation. Over the past 1 year, HBAR is ahead by 13.8 percentage points (ADA -69.2% against HBAR -55.4%). Their daily returns move closely together (correlation 0.83 across 399 shared trading days). ADA has been the more volatile of the two, at 78% annualised against HBAR's 68%.
Performance
| Period | ADA | HBAR | Ahead |
|---|---|---|---|
| 7 days | +30.14% | +33.36% | HBAR |
| 30 days | +12.03% | +24.17% | HBAR |
| 90 days | +72.17% | +31.00% | ADA |
| 1 year | -69.20% | -55.40% | HBAR |
Risk & extremes
| Metric | ADA | HBAR |
|---|---|---|
| Max drawdown (400d) | -84.6% | -74.8% |
| Risk-adjusted return (90d) | 0.94 | 0.59 |
| Best 30 days (past year) | +38.4% | +24.2% |
| Worst 30 days (past year) | -42.7% | -39.4% |
Relative strength over 90 days: ADA outperformed HBAR by 31.4% — measured on the ADA/HBAR ratio, so it holds regardless of market direction.
Correlation
0.83over 399 shared trading days
7d: insufficient data30d: 0.8490d: 0.741y: 0.82
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.