Aerodrome Finance vs Hyperliquid

Hyperliquid (HYPE) is 85.0× the size of Aerodrome Finance (AERO) by market capitalisation. Over the past 90 days, HYPE is ahead by 0.7 percentage points (AERO +44.6% against HYPE +45.3%). Their daily returns move loosely together (correlation 0.38 across 73 shared trading days). AERO has been the more volatile of the two, at 101% annualised against HYPE's 81%.

Correlation: 0.38
Size ratio: 1 : 85.0
Ahead over 90 days: HYPE

Aerodrome FinanceAERO

$0.643600

24h: +3.03%
Market cap: $235.17M
Volume 24h: $24.96M
Volatility (ann.): 101%

HyperliquidHYPE

$83.1600

24h: -1.29%
Market cap: $19.99B
Volume 24h: $1.36B
Volatility (ann.): 81%

AERO 1.2%Share of the two combined market caps98.8% HYPE

Performance

AEROHYPE

7 days-9.63%+3.87%HYPE
30 days-25.37%-11.01%HYPE
90 days+44.60%+45.28%HYPE

Correlation

0.38over 73 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 0.381y: 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	AERO	HYPE
Max drawdown (400d)	-36.4%	-18.9%
Risk-adjusted return (90d)	0.42	0.56

Relative strength over 90 days: AERO outperformed HYPE by 7.0% — measured on the AERO/HYPE ratio, so it holds regardless of market direction.

Aerodrome Finance →Hyperliquid →