Dogecoin vs Hedera
Dogecoin (DOGE) is 3.7× the size of Hedera (HBAR) by market capitalisation. Over the past 1 year, HBAR is ahead by 3.0 percentage points (DOGE -58.4% against HBAR -55.4%). Their daily returns move closely together (correlation 0.81 across 399 shared trading days). Both have run at a similar volatility, around 71% annualised.
Performance
| Period | DOGE | HBAR | Ahead |
|---|---|---|---|
| 7 days | +25.42% | +33.36% | HBAR |
| 30 days | +7.51% | +24.17% | HBAR |
| 90 days | +31.95% | +31.00% | DOGE |
| 1 year | -58.36% | -55.40% | HBAR |
Risk & extremes
| Metric | DOGE | HBAR |
|---|---|---|
| Max drawdown (400d) | -76.1% | -74.8% |
| Risk-adjusted return (90d) | 0.51 | 0.59 |
| Best 30 days (past year) | +34.3% | +24.2% |
| Worst 30 days (past year) | -41.2% | -39.4% |
Relative strength over 90 days: DOGE outperformed HBAR by 0.7% — measured on the DOGE/HBAR ratio, so it holds regardless of market direction.
Correlation
0.81over 399 shared trading days
7d: insufficient data30d: 0.7790d: 0.711y: 0.80
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.