HEX Dollar Coin vs crvUSD

crvUSD (CRVUSD) is 4798.1× the size of HEX Dollar Coin (HEXDC) by market capitalisation. Over the past 30 days, HEXDC is ahead by 3.1 percentage points (HEXDC +3.0% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.08 across 23 shared trading days). HEXDC has been the more volatile of the two, at 51% annualised against CRVUSD's 1%.

Correlation: -0.08
Size ratio: 1 : 4798.1
Ahead over 30 days: HEXDC

HEX Dollar CoinHEXDC

$1.0600

24h: +1.39%
Market cap: $31,483
Volume 24h: $1,337
Volatility (ann.): 51%

crvUSDCRVUSD

$0.998043

24h: -0.15%
Market cap: $151.06M
Volume 24h: $34.64M
Volatility (ann.): 1%

HEXDC 0.0%Share of the two combined market caps100.0% CRVUSD

Performance

HEXDCCRVUSD

7 days-0.28%-0.06%CRVUSD
30 days+2.96%-0.12%HEXDC

Correlation

-0.08over 23 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	HEXDC	CRVUSD
Max drawdown (400d)	-8.1%	-0.3%
Risk-adjusted return (90d)	0.06	-0.06

Relative strength over 90 days: HEXDC outperformed CRVUSD by 4.1% — measured on the HEXDC/CRVUSD ratio, so it holds regardless of market direction.

HEX Dollar Coin →crvUSD →