XTZ-USD vs. HBAR-USD
XTZ-USD (Tezos) and HBAR-USD (HederaHashgraph) are both cryptocurrencies. Over the past 5 years, XTZ-USD returned -38.86%/yr vs -15.14%/yr for HBAR-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
XTZ-USD vs. HBAR-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XTZ-USD achieves a -53.52% return, which is significantly lower than HBAR-USD's -25.83% return.
XTZ-USD
- 1D
- 0.22%
- 1M
- -33.47%
- YTD
- -53.52%
- 6M
- -48.17%
- 1Y
- -53.71%
- 3Y*
- -33.96%
- 5Y*
- -38.86%
- 10Y*
- —
HBAR-USD
- 1D
- 0.96%
- 1M
- -12.10%
- YTD
- -25.83%
- 6M
- -30.96%
- 1Y
- -41.08%
- 3Y*
- 14.84%
- 5Y*
- -15.14%
- 10Y*
- —
XTZ-USD vs. HBAR-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XTZ-USD Tezos | -53.52% | -61.50% | 27.16% | 40.92% | -83.50% | 115.68% | 49.46% | 34.51% |
HBAR-USD HederaHashgraph | -25.83% | -60.44% | 212.23% | 135.51% | -87.44% | 812.76% | 211.49% | -97.54% |
Correlation
The correlation between XTZ-USD and HBAR-USD is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019 | 0.63 |
The correlation between XTZ-USD and HBAR-USD has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
XTZ-USD vs. HBAR-USD — Risk / Return Rank
XTZ-USD
HBAR-USD
XTZ-USD vs. HBAR-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tezos (XTZ-USD) and HederaHashgraph (HBAR-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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XTZ-USD | HBAR-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.96 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.56 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.03 | -0.78 | -0.26 |
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Drawdowns
XTZ-USD vs. HBAR-USD - Drawdown Comparison
The maximum XTZ-USD drawdown since its inception was -97.85%, roughly equal to the maximum HBAR-USD drawdown of -97.58%. Use the drawdown chart below to compare losses from any high point for XTZ-USD and HBAR-USD.
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Drawdown Indicators
| XTZ-USD | HBAR-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -97.58% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -78.81% | -73.39% | -5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -87.31% | -79.29% | -8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -97.39% | -92.79% | -4.60% |
Current DrawdownCurrent decline from peak | -97.83% | -84.43% | -13.40% |
Average DrawdownAverage peak-to-trough decline | -79.43% | -74.54% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.36% | 46.93% | -6.57% |
Volatility
XTZ-USD vs. HBAR-USD - Volatility Comparison
Tezos (XTZ-USD) has a higher volatility of 21.63% compared to HederaHashgraph (HBAR-USD) at 16.94%. This indicates that XTZ-USD's price experiences larger fluctuations and is considered to be riskier than HBAR-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTZ-USD | HBAR-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.63% | 16.94% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 49.46% | 42.38% | +7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.43% | 65.02% | +6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.33% | 85.03% | -7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.78% | 108.39% | -2.61% |
Frequently Asked Questions
XTZ-USD and HBAR-USD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTZ-USD has higher volatility (21.63%) compared to HBAR-USD (16.94%). In terms of maximum drawdown, XTZ-USD dropped -97.85% vs HBAR-USD's -97.58%.
HBAR-USD currently has the higher Sharpe Ratio (-0.53 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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