Portal (PORTAL) is 379.0× the size of HyperChainX (HPX) by market capitalisation. Their daily returns move closely together (correlation 0.64 across 112 shared trading days). PORTAL has been the more volatile of the two, at 215% annualised against HPX's 99%.
HPXPORTAL
0.64over 112 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 | HPX | PORTAL |
|---|---|---|
| Max drawdown (400d) | -90.1% | -80.9% |
| Risk-adjusted return (90d) | -0.86 | 0.08 |
| Best 30 days (past year) | — | +187.4% |
| Worst 30 days (past year) | — | -61.9% |
Relative strength over 90 days: PORTAL outperformed HPX by 73.3% — measured on the HPX/PORTAL ratio, so it holds regardless of market direction.