ASK SPLAT vs Hyperliquid

Hyperliquid (HYPE) is 144324.4× the size of ASK SPLAT (SPLAT) by market capitalisation. Over the past 90 days, HYPE is ahead by 36.9 percentage points (SPLAT +8.4% against HYPE +45.3%). Their daily returns move loosely together (correlation 0.52 across 33 shared trading days). SPLAT has been the more volatile of the two, at 128% annualised against HYPE's 81%.

Correlation: 0.52
Size ratio: 1 : 144324.4
Ahead over 90 days: HYPE

ASK SPLATSPLAT

$0.000207

24h: —
Market cap: $135,845
Volume 24h: —
Volatility (ann.): 128%

HyperliquidHYPE

$81.6900

24h: -3.61%
Market cap: $19.61B
Volume 24h: $1.22B
Volatility (ann.): 81%

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

Performance

SPLATHYPE

7 days-23.69%+3.87%HYPE
30 days-7.94%-11.01%SPLAT
90 days+8.35%+45.28%HYPE

Correlation

0.52over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6390d: 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	SPLAT	HYPE
Max drawdown (400d)	-88.7%	-18.9%
Risk-adjusted return (90d)	0.09	0.56

Relative strength over 90 days: HYPE outperformed SPLAT by 16.4% — measured on the SPLAT/HYPE ratio, so it holds regardless of market direction.

ASK SPLAT →Hyperliquid →