ASX Capital vs Hyperliquid

Hyperliquid (HYPE) is 37717.6× the size of ASX Capital (ASX) by market capitalisation. Over the past 30 days, HYPE is ahead by 6.0 percentage points (ASX -12.0% against HYPE -6.0%). Their daily returns move barely together (correlation 0.00 across 34 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against ASX's 39%.

Correlation: 0.00
Size ratio: 1 : 37717.6
Ahead over 30 days: HYPE

ASX CapitalASX

$0.065777

24h: +0.29%
Market cap: $538,558
Volume 24h: $239
Volatility (ann.): 39%

HyperliquidHYPE

$84.4100

24h: +0.57%
Market cap: $20.31B
Volume 24h: $1.36B
Volatility (ann.): 82%

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

Performance

ASXHYPE

7 days-9.42%+4.65%HYPE
30 days-12.01%-6.04%HYPE

Correlation

0.00over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	ASX	HYPE
Max drawdown (400d)	-14.8%	-18.9%
Risk-adjusted return (90d)	-0.31	0.58

Relative strength over 90 days: HYPE outperformed ASX by 9.3% — measured on the ASX/HYPE ratio, so it holds regardless of market direction.

ASX Capital →Hyperliquid →