Holo (HOT) is 377.9× the size of Crust Network (CRU) by market capitalisation. Over the past 1 year, HOT is ahead by 72.9 percentage points (CRU -89.2% against HOT -16.3%). Their daily returns move loosely together (correlation 0.36 across 373 shared trading days). Both have run at a similar volatility, around 87% annualised.
CRUHOT
0.36over 373 shared trading days
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.
| Metric | CRU | HOT |
|---|---|---|
| Max drawdown (400d) | -90.9% | -68.4% |
| Risk-adjusted return (90d) | -0.24 | 0.41 |
| Best 30 days (past year) | +48.1% | +24.0% |
| Worst 30 days (past year) | -52.5% | -36.7% |
Relative strength over 90 days: HOT outperformed CRU by 35.9% — measured on the CRU/HOT ratio, so it holds regardless of market direction.