HydraDAO vs ResearchCoin

ResearchCoin (RSC) is 57.9× the size of HydraDAO (HYDRA) by market capitalisation. Over the past 30 days, RSC is ahead by 0.6 percentage points (HYDRA -15.9% against RSC -15.3%). Their daily returns move barely together (correlation 0.04 across 33 shared trading days). RSC has been the more volatile of the two, at 97% annualised against HYDRA's 53%.

Correlation: 0.04
Size ratio: 1 : 57.9
Ahead over 30 days: RSC

HydraDAOHYDRA

$0.026246

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

ResearchCoinRSC

$0.044552

24h: +4.62%
Market cap: $17.91M
Volume 24h: $268,923
Volatility (ann.): 97%

HYDRA 1.7%Share of the two combined market caps98.3% RSC

Performance

HYDRARSC

7 days+0.93%-10.29%HYDRA
30 days-15.90%-15.29%RSC

Correlation

0.04over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	RSC
Max drawdown (400d)	-21.4%	-38.3%
Risk-adjusted return (90d)	-0.28	-0.23

Relative strength over 90 days: HYDRA outperformed RSC by 5.0% — measured on the HYDRA/RSC ratio, so it holds regardless of market direction.

HydraDAO →ResearchCoin →