HEX Dollar Coin vs Falcon USD

Falcon USD (USDF) is 57885.7× the size of HEX Dollar Coin (HEXDC) by market capitalisation. Over the past 30 days, HEXDC is ahead by 3.4 percentage points (HEXDC +3.0% against USDF -0.4%). Their daily returns move barely together (correlation 0.13 across 24 shared trading days). HEXDC has been the more volatile of the two, at 51% annualised against USDF's 1%.

Correlation: 0.13
Size ratio: 1 : 57885.7
Ahead over 30 days: HEXDC

HEX Dollar CoinHEXDC

$1.0600

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

Falcon USDUSDF

$0.994199

24h: +0.15%
Market cap: $1.82B
Volume 24h: $1.01M
Volatility (ann.): 1%

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

Performance

HEXDCUSDF

7 days-0.28%-0.24%USDF
30 days+2.96%-0.39%HEXDC

Correlation

0.13over 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	HEXDC	USDF
Max drawdown (400d)	-8.1%	-0.6%
Risk-adjusted return (90d)	0.06	-0.31

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

HEX Dollar Coin →Falcon USD →