Collaterize vs Provenance Blockchain

Provenance Blockchain (HASH) is 585.5× the size of Collaterize (COLLAT) by market capitalisation. Over the past 30 days, COLLAT is ahead by 14.2 percentage points (COLLAT -8.5% against HASH -22.7%). Their daily returns move loosely in opposite directions (correlation -0.43 across 28 shared trading days). COLLAT has been the more volatile of the two, at 202% annualised against HASH's 160%.

Correlation: -0.43
Size ratio: 1 : 585.5
Ahead over 30 days: COLLAT

CollaterizeCOLLAT

$0.000629

24h: +0.02%
Market cap: $629,231
Volume 24h: $41,753
Volatility (ann.): 202%

Provenance BlockchainHASH

$0.006159

24h: -2.04%
Market cap: $368.40M
Volume 24h: $2,551
Volatility (ann.): 160%

COLLAT 0.2%Share of the two combined market caps99.8% HASH

Performance

COLLATHASH

7 days-6.86%-15.08%COLLAT
30 days-8.50%-22.75%COLLAT

Correlation

-0.43over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4390d: 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	COLLAT	HASH
Max drawdown (400d)	-54.5%	-30.9%
Risk-adjusted return (90d)	-0.08	-0.10

Relative strength over 90 days: COLLAT outperformed HASH by 12.1% — measured on the COLLAT/HASH ratio, so it holds regardless of market direction.

Collaterize →Provenance Blockchain →