HairDAO vs OriginTrail

OriginTrail (TRAC) is 11.2× the size of HairDAO (HAIR) by market capitalisation. Over the past 30 days, HAIR is ahead by 6.4 percentage points (HAIR +11.1% against TRAC +4.7%). Their daily returns move loosely together (correlation 0.56 across 33 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: 0.56
Size ratio: 1 : 11.2
Ahead over 30 days: HAIR

HairDAOHAIR

$18.8800

24h: -1.96%
Market cap: $13.47M
Volume 24h: $3,972
Volatility (ann.): 94%

OriginTrailTRAC

$0.336231

24h: -0.08%
Market cap: $150.39M
Volume 24h: $1.89M
Volatility (ann.): 104%

HAIR 8.2%Share of the two combined market caps91.8% TRAC

Performance

HAIRTRAC

7 days-2.41%-7.03%HAIR
30 days+11.10%+4.69%HAIR

Correlation

0.56over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 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	HAIR	TRAC
Max drawdown (400d)	-16.2%	-22.2%
Risk-adjusted return (90d)	0.10	0.29

Relative strength over 90 days: HAIR outperformed TRAC by 10.0% — measured on the HAIR/TRAC ratio, so it holds regardless of market direction.

HairDAO →OriginTrail →