Lido DAO (LDO) is 55.2× the size of Hatom (HTM) by market capitalisation. Over the past 1 year, HTM is ahead by 35.8 percentage points (HTM -19.4% against LDO -55.1%). Their daily returns move loosely together (correlation 0.37 across 373 shared trading days). Both have run at a similar volatility, around 99% annualised.
HTMLDO
0.37over 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 | HTM | LDO |
|---|---|---|
| Max drawdown (400d) | -81.7% | -81.5% |
| Risk-adjusted return (90d) | 2.25 | 0.14 |
| Best 30 days (past year) | +109.6% | +58.2% |
| Worst 30 days (past year) | -44.2% | -51.2% |
Relative strength over 90 days: HTM outperformed LDO by 207.4% — measured on the HTM/LDO ratio, so it holds regardless of market direction.