USD1 vs Hedera
USD1 (USD1) is 1.0× the size of Hedera (HBAR) by market capitalisation. Over the past 1 year, USD1 is ahead by 55.3 percentage points (USD1 -0.1% against HBAR -55.4%). Their daily returns move barely together (correlation 0.05 across 399 shared trading days). HBAR has been the more volatile of the two, at 68% annualised against USD1's 1%.
Performance
| Period | USD1 | HBAR | Ahead |
|---|---|---|---|
| 7 days | -0.05% | +33.36% | HBAR |
| 30 days | -0.05% | +24.17% | HBAR |
| 90 days | -0.09% | +31.00% | HBAR |
| 1 year | -0.10% | -55.40% | USD1 |
Risk & extremes
| Metric | USD1 | HBAR |
|---|---|---|
| Max drawdown (400d) | -0.3% | -74.8% |
| Risk-adjusted return (90d) | -0.28 | 0.59 |
| Best 30 days (past year) | +0.3% | +24.2% |
| Worst 30 days (past year) | -0.2% | -39.4% |
Relative strength over 90 days: HBAR outperformed USD1 by 23.7% — measured on the USD1/HBAR ratio, so it holds regardless of market direction.
Correlation
0.05over 399 shared trading days
7d: insufficient data30d: -0.2090d: -0.201y: 0.03
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.