USDC vs Hedera
USDC (USDC) is 17.1× the size of Hedera (HBAR) by market capitalisation. Over the past 1 year, USDC is ahead by 55.5 percentage points (USDC +0.1% against HBAR -55.4%). Their daily returns move barely in opposite directions (correlation -0.16 across 399 shared trading days). HBAR has been the more volatile of the two, at 68% annualised against USDC's 0%.
Performance
| Period | USDC | HBAR | Ahead |
|---|---|---|---|
| 7 days | -0.06% | +33.36% | HBAR |
| 30 days | +0.00% | +24.17% | HBAR |
| 90 days | -0.12% | +31.00% | HBAR |
| 1 year | +0.10% | -55.40% | USDC |
Risk & extremes
| Metric | USDC | HBAR |
|---|---|---|
| Max drawdown (400d) | -0.3% | -74.8% |
| Risk-adjusted return (90d) | -0.33 | 0.59 |
| Best 30 days (past year) | +0.2% | +24.2% |
| Worst 30 days (past year) | -0.2% | -39.4% |
Relative strength over 90 days: HBAR outperformed USDC by 23.8% — measured on the USDC/HBAR ratio, so it holds regardless of market direction.
Correlation
-0.16over 399 shared trading days
7d: insufficient data30d: -0.5090d: -0.361y: -0.16
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.