BNQ GLOBAL vs Hyperliquid

Hyperliquid (HYPE) is 23430.5× the size of BNQ GLOBAL (BNQ) by market capitalisation. Over the past 30 days, HYPE is ahead by 55.6 percentage points (BNQ -61.6% against HYPE -6.0%). Their daily returns move barely together (correlation 0.24 across 31 shared trading days). BNQ has been the more volatile of the two, at 159% annualised against HYPE's 82%.

Correlation: 0.24
Size ratio: 1 : 23430.5
Ahead over 30 days: HYPE

BNQ GLOBALBNQ

$0.000862

24h: -11.68%
Market cap: $861,648
Volume 24h: $3,621
Volatility (ann.): 159%

HyperliquidHYPE

$84.3900

24h: -2.14%
Market cap: $20.19B
Volume 24h: $1.37B
Volatility (ann.): 82%

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

Performance

BNQHYPE

7 days-7.34%+4.65%HYPE
30 days-61.65%-6.04%HYPE

Correlation

0.24over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	BNQ	HYPE
Max drawdown (400d)	-81.3%	-18.9%
Risk-adjusted return (90d)	-0.51	0.58

Relative strength over 90 days: HYPE outperformed BNQ by 81.7% — measured on the BNQ/HYPE ratio, so it holds regardless of market direction.

BNQ GLOBAL →Hyperliquid →