Hedera Swiss Franc vs Frankencoin

Frankencoin (ZCHF) is 255.7× the size of Hedera Swiss Franc (HCHF) by market capitalisation. Over the past 30 days, ZCHF is ahead by 14.3 percentage points (HCHF -14.3% against ZCHF +0.0%). Their daily returns move loosely together (correlation 0.43 across 22 shared trading days). HCHF has been the more volatile of the two, at 48% annualised against ZCHF's 8%.

Correlation: 0.43
Size ratio: 1 : 255.7
Ahead over 30 days: ZCHF

Hedera Swiss FrancHCHF

$1.2000

24h: +1.07%
Market cap: $166,737
Volume 24h: $209
Volatility (ann.): 48%

FrankencoinZCHF

$1.2300

24h: +0.09%
Market cap: $42.63M
Volume 24h: $854,682
Volatility (ann.): 8%

HCHF 0.4%Share of the two combined market caps99.6% ZCHF

Performance

HCHFZCHF

7 days-5.79%+1.65%ZCHF
30 days-14.29%+0.00%ZCHF

Correlation

0.43over 22 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	HCHF	ZCHF
Max drawdown (400d)	-16.4%	-3.2%
Risk-adjusted return (90d)	-0.30	-0.20

Relative strength over 90 days: ZCHF outperformed HCHF by 2.1% — measured on the HCHF/ZCHF ratio, so it holds regardless of market direction.

Hedera Swiss Franc →Frankencoin →