HOPR vs Railgun

Railgun (RAIL) is 14.2× the size of HOPR (HOPR) by market capitalisation. Over the past 30 days, RAIL is ahead by 2.0 percentage points (HOPR +1.8% against RAIL +3.8%). Their daily returns move closely together (correlation 0.68 across 33 shared trading days). RAIL has been the more volatile of the two, at 167% annualised against HOPR's 57%.

Correlation: 0.68
Size ratio: 1 : 14.2
Ahead over 30 days: RAIL

HOPRHOPR

$0.012233

24h: +2.85%
Market cap: $9.76M
Volume 24h: $7,231
Volatility (ann.): 57%

RailgunRAIL

$2.3200

24h: +7.21%
Market cap: $138.95M
Volume 24h: $166,159
Volatility (ann.): 167%

HOPR 6.6%Share of the two combined market caps93.4% RAIL

Performance

HOPRRAIL

7 days-2.31%-12.20%HOPR
30 days+1.81%+3.85%RAIL

Correlation

0.68over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7090d: 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	HOPR	RAIL
Max drawdown (400d)	-15.8%	-26.3%
Risk-adjusted return (90d)	0.07	0.32

Relative strength over 90 days: RAIL outperformed HOPR by 1.0% — measured on the HOPR/RAIL ratio, so it holds regardless of market direction.

HOPR →Railgun →