TRON vs Hedera
TRON (TRX) is 7.5× the size of Hedera (HBAR) by market capitalisation. Over the past 1 year, TRX is ahead by 56.0 percentage points (TRX +0.6% against HBAR -55.4%). Their daily returns move loosely together (correlation 0.41 across 399 shared trading days). HBAR has been the more volatile of the two, at 68% annualised against TRX's 26%.
Performance
| Period | TRX | HBAR | Ahead |
|---|---|---|---|
| 7 days | +2.76% | +33.36% | HBAR |
| 30 days | -0.52% | +24.17% | HBAR |
| 90 days | +4.49% | +31.00% | HBAR |
| 1 year | +0.65% | -55.40% | TRX |
Risk & extremes
| Metric | TRX | HBAR |
|---|---|---|
| Max drawdown (400d) | -26.5% | -74.8% |
| Risk-adjusted return (90d) | 0.27 | 0.59 |
| Best 30 days (past year) | +16.1% | +24.2% |
| Worst 30 days (past year) | -17.4% | -39.4% |
Relative strength over 90 days: HBAR outperformed TRX by 20.2% — measured on the TRX/HBAR ratio, so it holds regardless of market direction.
Correlation
0.41over 399 shared trading days
7d: insufficient data30d: 0.3090d: 0.381y: 0.38
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.