HydraDAO vs OriginTrail

OriginTrail (TRAC) is 510.3× the size of HydraDAO (HYDRA) by market capitalisation. Over the past 30 days, TRAC is ahead by 23.7 percentage points (HYDRA -15.9% against TRAC +7.8%). Their daily returns move barely together (correlation 0.31 across 23 shared trading days). TRAC has been the more volatile of the two, at 104% annualised against HYDRA's 53%.

Correlation: 0.31
Size ratio: 1 : 510.3
Ahead over 30 days: TRAC

HydraDAOHYDRA

$0.026246

24h: +7.11%
Market cap: $309,028
Volume 24h: $516
Volatility (ann.): 53%

OriginTrailTRAC

$0.352542

24h: +9.66%
Market cap: $157.71M
Volume 24h: $3.06M
Volatility (ann.): 104%

HYDRA 0.2%Share of the two combined market caps99.8% TRAC

Performance

HYDRATRAC

7 days+0.93%-5.27%HYDRA
30 days-15.90%+7.85%TRAC

Correlation

0.31over 23 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	HYDRA	TRAC
Max drawdown (400d)	-21.4%	-22.2%
Risk-adjusted return (90d)	-0.28	0.33

Relative strength over 90 days: HYDRA outperformed TRAC by 6.1% — measured on the HYDRA/TRAC ratio, so it holds regardless of market direction.

HydraDAO →OriginTrail →