Solana vs Hedera
Solana (SOL) is 15.9× the size of Hedera (HBAR) by market capitalisation. Over the past 1 year, SOL is ahead by 9.2 percentage points (SOL -46.2% against HBAR -55.4%). Their daily returns move closely together (correlation 0.76 across 399 shared trading days). Both have run at a similar volatility, around 68% annualised.
Performance
| Period | SOL | HBAR | Ahead |
|---|---|---|---|
| 7 days | +22.39% | +33.36% | HBAR |
| 30 days | +24.25% | +24.17% | SOL |
| 90 days | +74.09% | +31.00% | SOL |
| 1 year | -46.20% | -55.40% | SOL |
Risk & extremes
| Metric | SOL | HBAR |
|---|---|---|
| Max drawdown (400d) | -74.9% | -74.8% |
| Risk-adjusted return (90d) | 1.28 | 0.59 |
| Best 30 days (past year) | +47.8% | +24.2% |
| Worst 30 days (past year) | -46.1% | -39.4% |
Relative strength over 90 days: SOL outperformed HBAR by 32.9% — measured on the SOL/HBAR ratio, so it holds regardless of market direction.
Correlation
0.76over 399 shared trading days
7d: insufficient data30d: 0.5990d: 0.541y: 0.75
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.