Filecoin (FIL) is 1445.8× the size of Hivello (HVLO) by market capitalisation. Over the past 1 year, FIL is ahead by 46.7 percentage points (HVLO -87.2% against FIL -40.5%). Their daily returns move barely together (correlation 0.12 across 373 shared trading days). Both have run at a similar volatility, around 122% annualised.
HVLOFIL
0.12over 373 shared trading days
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.
| Metric | HVLO | FIL |
|---|---|---|
| Max drawdown (400d) | -93.5% | -81.4% |
| Risk-adjusted return (90d) | -0.27 | 0.19 |
| Best 30 days (past year) | +101.4% | +66.2% |
| Worst 30 days (past year) | -65.7% | -57.1% |
Relative strength over 90 days: FIL outperformed HVLO by 43.8% — measured on the HVLO/FIL ratio, so it holds regardless of market direction.