USDS vs Hedera
USDS (USDS) is 2.2× the size of Hedera (HBAR) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.26 across 167 shared trading days). HBAR has been the more volatile of the two, at 68% annualised against USDS's 0%.
Performance
| Period | USDS | HBAR | Ahead |
|---|---|---|---|
| 7 days | -0.01% | +33.36% | HBAR |
| 30 days | -0.01% | +24.17% | HBAR |
| 90 days | -0.13% | +31.00% | HBAR |
| 1 year | — | -55.40% | — |
Risk & extremes
| Metric | USDS | HBAR |
|---|---|---|
| Max drawdown (400d) | -0.2% | -74.8% |
| Risk-adjusted return (90d) | -0.36 | 0.59 |
| Best 30 days (past year) | — | +24.2% |
| Worst 30 days (past year) | — | -39.4% |
Relative strength over 90 days: HBAR outperformed USDS by 23.8% — measured on the USDS/HBAR ratio, so it holds regardless of market direction.
Correlation
-0.26over 167 shared trading days
7d: insufficient data30d: -0.3590d: -0.331y: insufficient data
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.