Uniswap vs Hedera
Uniswap (UNI) is 1.5× the size of Hedera (HBAR) by market capitalisation. Over the past 1 year, UNI is ahead by 79.6 percentage points (UNI +24.2% against HBAR -55.4%). Their daily returns move closely together (correlation 0.66 across 399 shared trading days). UNI has been the more volatile of the two, at 100% annualised against HBAR's 68%.
Performance
| Period | UNI | HBAR | Ahead |
|---|---|---|---|
| 7 days | +60.63% | +33.36% | UNI |
| 30 days | +126.09% | +24.17% | UNI |
| 90 days | +249.49% | +31.00% | UNI |
| 1 year | +24.24% | -55.40% | UNI |
Risk & extremes
| Metric | UNI | HBAR |
|---|---|---|
| Max drawdown (400d) | -79.0% | -74.8% |
| Risk-adjusted return (90d) | 2.52 | 0.59 |
| Best 30 days (past year) | +143.9% | +24.2% |
| Worst 30 days (past year) | -47.8% | -39.4% |
Relative strength over 90 days: UNI outperformed HBAR by 166.8% — measured on the UNI/HBAR ratio, so it holds regardless of market direction.
Correlation
0.66over 399 shared trading days
7d: insufficient data30d: 0.4990d: 0.401y: 0.65
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.