DAI on PulseChain (DAI) is 218.3× the size of Hyperlane Bridged TEA (Base) (HTEA) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 38 shared trading days). DAI has been the more volatile of the two, at 1859% annualised against HTEA's 168%.
$3.742e-5
HTEADAI
0.01over 38 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 | HTEA | DAI |
|---|---|---|
| Max drawdown (400d) | -91.9% | -87.9% |
| Risk-adjusted return (90d) | -0.49 | -0.03 |
Relative strength over 90 days: HTEA outperformed DAI by 89.7% — measured on the HTEA/DAI ratio, so it holds regardless of market direction.