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HBAR-USD vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between HBAR-USD and BTC-USD is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

HBAR-USD vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HederaHashgraph (HBAR-USD) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%JulyAugustSeptemberOctoberNovemberDecember
275.88%
57.09%
HBAR-USD
BTC-USD

Key characteristics

Sharpe Ratio

HBAR-USD:

3.38

BTC-USD:

1.56

Sortino Ratio

HBAR-USD:

4.77

BTC-USD:

2.30

Omega Ratio

HBAR-USD:

1.46

BTC-USD:

1.23

Calmar Ratio

HBAR-USD:

4.51

BTC-USD:

1.37

Martin Ratio

HBAR-USD:

10.76

BTC-USD:

7.28

Ulcer Index

HBAR-USD:

51.71%

BTC-USD:

10.81%

Daily Std Dev

HBAR-USD:

121.73%

BTC-USD:

44.36%

Max Drawdown

HBAR-USD:

-92.80%

BTC-USD:

-93.07%

Current Drawdown

HBAR-USD:

-42.43%

BTC-USD:

-10.79%

Returns By Period

In the year-to-date period, HBAR-USD achieves a 239.23% return, which is significantly higher than BTC-USD's 124.03% return.


HBAR-USD

YTD

239.23%

1M

88.69%

6M

275.89%

1Y

222.71%

5Y*

81.42%

10Y*

N/A

BTC-USD

YTD

124.03%

1M

-3.16%

6M

57.08%

1Y

120.12%

5Y*

67.07%

10Y*

76.22%

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Risk-Adjusted Performance

HBAR-USD vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for HederaHashgraph (HBAR-USD) and Bitcoin (BTC-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for HBAR-USD, currently valued at 3.38, compared to the broader market0.002.004.006.008.003.381.56
The chart of Sortino ratio for HBAR-USD, currently valued at 4.77, compared to the broader market-1.000.001.002.003.004.005.004.772.30
The chart of Omega ratio for HBAR-USD, currently valued at 1.46, compared to the broader market1.001.201.401.601.461.23
The chart of Calmar ratio for HBAR-USD, currently valued at 4.51, compared to the broader market2.004.006.004.511.37
The chart of Martin ratio for HBAR-USD, currently valued at 10.76, compared to the broader market0.0010.0020.0030.0040.0050.0060.0010.767.28
HBAR-USD
BTC-USD

The current HBAR-USD Sharpe Ratio is 3.38, which is higher than the BTC-USD Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of HBAR-USD and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
3.38
1.56
HBAR-USD
BTC-USD

Drawdowns

HBAR-USD vs. BTC-USD - Drawdown Comparison

The maximum HBAR-USD drawdown since its inception was -92.80%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for HBAR-USD and BTC-USD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-42.43%
-10.79%
HBAR-USD
BTC-USD

Volatility

HBAR-USD vs. BTC-USD - Volatility Comparison

HederaHashgraph (HBAR-USD) has a higher volatility of 62.21% compared to Bitcoin (BTC-USD) at 13.51%. This indicates that HBAR-USD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
62.21%
13.51%
HBAR-USD
BTC-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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