HanChain vs AINFT

AINFT (NFT) is 1860.0× the size of HanChain (HAN) by market capitalisation. Over the past 30 days, HAN is ahead by 5.2 percentage points (HAN +3.8% against NFT -1.3%). Their daily returns move barely in opposite directions (correlation -0.33 across 20 shared trading days). HAN has been the more volatile of the two, at 44% annualised against NFT's 36%.

Correlation: -0.33
Size ratio: 1 : 1860.0
Ahead over 30 days: HAN

HanChainHAN

$0.000168

24h: +0.22%
Market cap: $120,083
Volume 24h: $526,915
Volatility (ann.): 44%

AINFTNFT

$2.256e-7

24h: +0.20%
Market cap: $223.35M
Volume 24h: $18.24M
Volatility (ann.): 36%

HAN 0.1%Share of the two combined market caps99.9% NFT

Performance

HANNFT

7 days-1.96%-3.23%HAN
30 days+3.84%-1.32%HAN

Correlation

-0.33over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	HAN	NFT
Max drawdown (400d)	-8.2%	-18.9%
Risk-adjusted return (90d)	0.09	-0.53

Relative strength over 90 days: HAN outperformed NFT by 3.7% — measured on the HAN/NFT ratio, so it holds regardless of market direction.

HanChain →AINFT →