BeFi Labs vs Hyperliquid

Hyperliquid (HYPE) is 487997.4× the size of BeFi Labs (BEFI) by market capitalisation. Over the past 90 days, HYPE is ahead by 126.2 percentage points (BEFI -80.9% against HYPE +45.3%). Their daily returns move barely together (correlation 0.10 across 23 shared trading days). BEFI has been the more volatile of the two, at 141% annualised against HYPE's 81%.

Correlation: 0.10
Size ratio: 1 : 487997.4
Ahead over 90 days: HYPE

BeFi LabsBEFI

$0.000261

24h: —
Market cap: $38,224
Volume 24h: $670
Volatility (ann.): 141%

HyperliquidHYPE

$77.7000

24h: -7.55%
Market cap: $18.65B
Volume 24h: $1.31B
Volatility (ann.): 81%

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

Performance

BEFIHYPE

7 days+0.48%+3.87%HYPE
30 days-27.51%-11.01%HYPE
90 days-80.93%+45.28%HYPE

Correlation

0.10over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	BEFI	HYPE
Max drawdown (400d)	-88.2%	-18.9%
Risk-adjusted return (90d)	-0.45	0.56

Relative strength over 90 days: HYPE outperformed BEFI by 50.1% — measured on the BEFI/HYPE ratio, so it holds regardless of market direction.

BeFi Labs →Hyperliquid →