Hydro Protocol vs Kinetiq

Kinetiq (KNTQ) is 294.7× the size of Hydro Protocol (HDRO) by market capitalisation. Over the past 30 days, KNTQ is ahead by 101.5 percentage points (HDRO +48.6% against KNTQ +150.1%). Their daily returns move loosely together (correlation 0.49 across 23 shared trading days). Both have run at a similar volatility, around 206% annualised.

Correlation: 0.49
Size ratio: 1 : 294.7
Ahead over 30 days: KNTQ

Hydro ProtocolHDRO

$0.001017

24h: +2.23%
Market cap: $538,871
Volume 24h: $354
Volatility (ann.): 212%

KinetiqKNTQ

$0.496879

24h: +2.50%
Market cap: $158.81M
Volume 24h: $7.22M
Volatility (ann.): 201%

HDRO 0.3%Share of the two combined market caps99.7% KNTQ

Performance

HDROKNTQ

7 days-0.06%+23.74%KNTQ
30 days+48.56%+150.06%KNTQ

Correlation

0.49over 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	HDRO	KNTQ
Max drawdown (400d)	-25.0%	-24.5%
Risk-adjusted return (90d)	0.23	1.26

Relative strength over 90 days: KNTQ outperformed HDRO by 25.3% — measured on the HDRO/KNTQ ratio, so it holds regardless of market direction.

Hydro Protocol →Kinetiq →