Helium IOT vs Grass

Grass (GRASS) is 195.6× the size of Helium IOT (IOT) by market capitalisation. Over the past 30 days, GRASS is ahead by 66.6 percentage points (IOT +5.8% against GRASS +72.4%). Their daily returns move barely together (correlation 0.17 across 24 shared trading days). IOT has been the more volatile of the two, at 368% annualised against GRASS's 213%.

Correlation: 0.17
Size ratio: 1 : 195.6
Ahead over 30 days: GRASS

Helium IOTIOT

$0.000106

24h: +2.22%
Market cap: $2.15M
Volume 24h: $132
Volatility (ann.): 368%

GrassGRASS

$0.582512

24h: +1.58%
Market cap: $420.55M
Volume 24h: $19.87M
Volatility (ann.): 213%

IOT 0.5%Share of the two combined market caps99.5% GRASS

Performance

IOTGRASS

7 days+34.44%-23.53%IOT
30 days+5.83%+72.43%GRASS

Correlation

0.17over 24 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	IOT	GRASS
Max drawdown (400d)	-47.5%	-25.3%
Risk-adjusted return (90d)	0.01	0.35

Relative strength over 90 days: GRASS outperformed IOT by 35.3% — measured on the IOT/GRASS ratio, so it holds regardless of market direction.

Helium IOT →Grass →