Bitcoin (BTC) is 63679927.9× the size of Hord (HORD) by market capitalisation. Over the past 1 year, BTC is ahead by 68.5 percentage points (HORD -89.2% against BTC -20.7%). Their daily returns move barely together (correlation 0.12 across 372 shared trading days). HORD has been the more volatile of the two, at 123% annualised against BTC's 44%.
HORDBTC
0.12over 372 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 | HORD | BTC |
|---|---|---|
| Max drawdown (400d) | -95.6% | -53.0% |
| Risk-adjusted return (90d) | -0.66 | 0.63 |
| Best 30 days (past year) | +458.7% | +26.8% |
| Worst 30 days (past year) | -82.3% | -32.9% |
Relative strength over 90 days: BTC outperformed HORD by 94.0% — measured on the HORD/BTC ratio, so it holds regardless of market direction.