JT MARLIN vs HASHCATS

HASHCATS (HASH) is 2.4× the size of JT MARLIN (MARLIN) by market capitalisation. Over the past 30 days, HASH is ahead by 24.6 percentage points (MARLIN -63.9% against HASH -39.3%). Their daily returns move barely together (correlation 0.26 across 35 shared trading days). MARLIN has been the more volatile of the two, at 510% annualised against HASH's 261%.

Correlation: 0.26
Size ratio: 1 : 2.4
Ahead over 30 days: HASH

JT MARLINMARLIN

$3.337e-5

24h: +24.04%
Market cap: $30,645
Volume 24h: $681
Volatility (ann.): 510%

HASHCATSHASH

$0.035894

24h: +6.55%
Market cap: $74,655
Volume 24h: $80
Volatility (ann.): 261%

MARLIN 29.1%Share of the two combined market caps70.9% HASH

Performance

MARLINHASH

7 days+5.12%-10.64%MARLIN
30 days-63.89%-39.32%HASH

Correlation

0.26over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	MARLIN	HASH
Max drawdown (400d)	-84.9%	-56.7%
Risk-adjusted return (90d)	-0.12	-0.01

Relative strength over 90 days: HASH outperformed MARLIN by 58.9% — measured on the MARLIN/HASH ratio, so it holds regardless of market direction.

JT MARLIN →HASHCATS →