BladeSwap vs Hyperliquid

Hyperliquid (HYPE) is 873057.2× the size of BladeSwap (BLADE) by market capitalisation. Over the past 90 days, HYPE is ahead by 54.0 percentage points (BLADE -8.7% against HYPE +45.3%). Their daily returns move loosely together (correlation 0.50 across 30 shared trading days). Both have run at a similar volatility, around 81% annualised.

Correlation: 0.50
Size ratio: 1 : 873057.2
Ahead over 90 days: HYPE

BladeSwapBLADE

$0.000193

24h: —
Market cap: $21,587
Volume 24h: —
Volatility (ann.): 81%

HyperliquidHYPE

$77.8900

24h: -5.17%
Market cap: $18.85B
Volume 24h: $1.36B
Volatility (ann.): 81%

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

Performance

BLADEHYPE

7 days-2.11%+3.87%HYPE
30 days+5.77%-11.01%BLADE
90 days-8.69%+45.28%HYPE

Correlation

0.50over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	BLADE	HYPE
Max drawdown (400d)	-51.7%	-18.9%
Risk-adjusted return (90d)	-0.11	0.56

Relative strength over 90 days: HYPE outperformed BLADE by 24.7% — measured on the BLADE/HYPE ratio, so it holds regardless of market direction.

BladeSwap →Hyperliquid →