Blackhole vs Hyperliquid

Hyperliquid (HYPE) is 25148.3× the size of Blackhole (BLACK) by market capitalisation. Over the past 30 days, BLACK is ahead by 11.6 percentage points (BLACK +5.6% against HYPE -6.0%). Their daily returns move closely together (correlation 0.72 across 31 shared trading days). BLACK has been the more volatile of the two, at 220% annualised against HYPE's 82%.

Correlation: 0.72
Size ratio: 1 : 25148.3
Ahead over 30 days: BLACK

BlackholeBLACK

$0.002617

24h: +1.07%
Market cap: $812,782
Volume 24h: $7,346
Volatility (ann.): 220%

HyperliquidHYPE

$86.0600

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

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

Performance

BLACKHYPE

7 days-10.11%+4.65%HYPE
30 days+5.60%-6.04%BLACK

Correlation

0.72over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7290d: 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	BLACK	HYPE
Max drawdown (400d)	-60.2%	-18.9%
Risk-adjusted return (90d)	0.07	0.58

Relative strength over 90 days: BLACK outperformed HYPE by 13.9% — measured on the BLACK/HYPE ratio, so it holds regardless of market direction.

Blackhole →Hyperliquid →