Hipo Governance Token vs Bedrock

Bedrock (BR) is 42.0× the size of Hipo Governance Token (HPO) by market capitalisation. Over the past 30 days, BR is ahead by 19.1 percentage points (HPO +75.0% against BR +94.1%). Their daily returns move loosely together (correlation 0.48 across 32 shared trading days). BR has been the more volatile of the two, at 529% annualised against HPO's 121%.

Correlation: 0.48
Size ratio: 1 : 42.0
Ahead over 30 days: BR

Hipo Governance TokenHPO

$0.004401

24h: -2.40%
Market cap: $3.32M
Volume 24h: $209
Volatility (ann.): 121%

BedrockBR

$0.470077

24h: -3.57%
Market cap: $139.47M
Volume 24h: $2.04M
Volatility (ann.): 529%

HPO 2.3%Share of the two combined market caps97.7% BR

Performance

HPOBR

7 days+10.18%-3.07%HPO
30 days+75.05%+94.11%BR

Correlation

0.48over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	HPO	BR
Max drawdown (400d)	-15.1%	-62.7%
Risk-adjusted return (90d)	0.94	0.26

Relative strength over 90 days: BR outperformed HPO by 6.0% — measured on the HPO/BR ratio, so it holds regardless of market direction.

Hipo Governance Token →Bedrock →