Ascend vs Hyperliquid

Hyperliquid (HYPE) is 6661.8× the size of Ascend (ASCEND) by market capitalisation. Over the past 30 days, HYPE is ahead by 94.0 percentage points (ASCEND -100.0% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.22 across 27 shared trading days). ASCEND has been the more volatile of the two, at 27666602% annualised against HYPE's 82%.

Correlation: -0.22
Size ratio: 1 : 6661.8
Ahead over 30 days: HYPE

AscendASCEND

$0.201394

24h: -11.58%
Market cap: $3.10M
Volume 24h: $26,672
Volatility (ann.): 27666602%

HyperliquidHYPE

$86.0600

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

ASCENDHYPE

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

Correlation

-0.22over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	ASCEND	HYPE
Max drawdown (400d)	-100.0%	-18.9%
Risk-adjusted return (90d)	0.00	0.58

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

Ascend →Hyperliquid →