ALT vs Hyperliquid

Hyperliquid (HYPE) is 93125.6× the size of ALT (ALT) by market capitalisation. Over the past 30 days, HYPE is ahead by 68.5 percentage points (ALT -74.5% against HYPE -6.0%). Their daily returns move closely together (correlation 0.62 across 31 shared trading days). ALT has been the more volatile of the two, at 950% annualised against HYPE's 82%.

Correlation: 0.62
Size ratio: 1 : 93125.6
Ahead over 30 days: HYPE

ALTALT

$0.000238

24h: -6.73%
Market cap: $223,293
Volume 24h: $1,057
Volatility (ann.): 950%

HyperliquidHYPE

$86.9900

24h: +3.13%
Market cap: $20.79B
Volume 24h: $1.38B
Volatility (ann.): 82%

ALT 0.0%Share of the two combined market caps100.0% HYPE

Performance

ALTHYPE

7 days+28.14%+4.65%ALT
30 days-74.51%-6.04%HYPE

Correlation

0.62over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6290d: 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	ALT	HYPE
Max drawdown (400d)	-90.2%	-18.9%
Risk-adjusted return (90d)	-0.08	0.58

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

ALT →Hyperliquid →