ADO Protocol vs Hyperliquid

Hyperliquid (HYPE) is 1411.1× the size of ADO Protocol (ADO) by market capitalisation. Over the past 30 days, ADO is ahead by 25.4 percentage points (ADO +19.4% against HYPE -6.0%). Their daily returns move barely together (correlation 0.08 across 31 shared trading days). ADO has been the more volatile of the two, at 225% annualised against HYPE's 82%.

Correlation: 0.08
Size ratio: 1 : 1411.1
Ahead over 30 days: ADO

ADO ProtocolADO

$0.035893

24h: —
Market cap: $14.36M
Volume 24h: $13
Volatility (ann.): 225%

HyperliquidHYPE

$84.6400

24h: -1.82%
Market cap: $20.26B
Volume 24h: $1.41B
Volatility (ann.): 82%

ADO 0.1%Share of the two combined market caps99.9% HYPE

Performance

ADOHYPE

7 days-1.66%+4.65%HYPE
30 days+19.40%-6.04%ADO

Correlation

0.08over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: insufficient data1y: 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.

Risk & extremes

Metric	ADO	HYPE
Max drawdown (400d)	-19.2%	-18.9%
Risk-adjusted return (90d)	0.35	0.58

Relative strength over 90 days: ADO outperformed HYPE by 75.3% — measured on the ADO/HYPE ratio, so it holds regardless of market direction.

ADO Protocol →Hyperliquid →