Hive Protocol vs OriginTrail

OriginTrail (TRAC) is 67485.7× the size of Hive Protocol (HIVE) by market capitalisation. Over the past 30 days, TRAC is ahead by 59.7 percentage points (HIVE -58.3% against TRAC +1.4%). Their daily returns move barely together (correlation 0.23 across 22 shared trading days). HIVE has been the more volatile of the two, at 305% annualised against TRAC's 104%.

Correlation: 0.23
Size ratio: 1 : 67485.7
Ahead over 30 days: TRAC

Hive ProtocolHIVE

$2.240e-6

24h: —
Market cap: $2,236
Volume 24h: —
Volatility (ann.): 305%

OriginTrailTRAC

$0.337374

24h: -3.78%
Market cap: $150.90M
Volume 24h: $3.36M
Volatility (ann.): 104%

HIVE 0.0%Share of the two combined market caps100.0% TRAC

Performance

HIVETRAC

7 days-14.88%-8.44%TRAC
30 days-58.34%+1.37%TRAC

Correlation

0.23over 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	HIVE	TRAC
Max drawdown (400d)	-69.5%	-25.0%
Risk-adjusted return (90d)	-0.22	0.24

Relative strength over 90 days: TRAC outperformed HIVE by 35.4% — measured on the HIVE/TRAC ratio, so it holds regardless of market direction.

Hive Protocol →OriginTrail →