Arrow vs Hyperliquid

Hyperliquid (HYPE) is 11325.2× the size of Arrow (ARROW) by market capitalisation. Over the past 30 days, HYPE is ahead by 94.0 percentage points (ARROW -100.0% against HYPE -6.0%). Their daily returns move barely together (correlation 0.17 across 25 shared trading days). ARROW has been the more volatile of the two, at 606% annualised against HYPE's 82%.

Correlation: 0.17
Size ratio: 1 : 11325.2
Ahead over 30 days: HYPE

ArrowARROW

$0.200192

24h: -4.49%
Market cap: $1.80M
Volume 24h: $11,061
Volatility (ann.): 606%

HyperliquidHYPE

$85.9100

24h: -2.24%
Market cap: $20.44B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

ARROWHYPE

7 days-100.00%+4.65%HYPE
30 days-100.00%-6.04%HYPE

Correlation

0.17over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	ARROW	HYPE
Max drawdown (400d)	-100.0%	-18.9%
Risk-adjusted return (90d)	-0.17	0.58

Relative strength over 90 days: HYPE outperformed ARROW by 100.0% — measured on the ARROW/HYPE ratio, so it holds regardless of market direction.

Arrow →Hyperliquid →