Holo (HOT) is 10.0× the size of Storj (STORJ) by market capitalisation. Over the past 1 year, HOT is ahead by 86.9 percentage points (STORJ -91.5% against HOT -4.5%). Their daily returns move loosely together (correlation 0.45 across 371 shared trading days). STORJ has been the more volatile of the two, at 104% annualised against HOT's 85%.
STORJHOT
0.45over 371 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 | STORJ | HOT |
|---|---|---|
| Max drawdown (400d) | -91.8% | -68.4% |
| Risk-adjusted return (90d) | -0.65 | 0.71 |
| Best 30 days (past year) | +31.8% | +24.0% |
| Worst 30 days (past year) | -58.6% | -36.7% |
Relative strength over 90 days: HOT outperformed STORJ by 84.0% — measured on the STORJ/HOT ratio, so it holds regardless of market direction.