Canopy Finance vs Hyperliquid

Hyperliquid (HYPE) is 301853.0× the size of Canopy Finance (CNPY) by market capitalisation. Over the past 30 days, HYPE is ahead by 90.3 percentage points (CNPY -96.4% against HYPE -6.0%). Their daily returns move barely together (correlation 0.12 across 31 shared trading days). CNPY has been the more volatile of the two, at 560% annualised against HYPE's 82%.

Correlation: 0.12
Size ratio: 1 : 301853.0
Ahead over 30 days: HYPE

Canopy FinanceCNPY

$9.605e-5

24h: -3.22%
Market cap: $67,008
Volume 24h: $2,033
Volatility (ann.): 560%

HyperliquidHYPE

$85.8700

24h: -1.47%
Market cap: $20.23B
Volume 24h: $1.27B
Volatility (ann.): 82%

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

Performance

CNPYHYPE

7 days-12.50%+4.65%HYPE
30 days-96.36%-6.04%HYPE

Correlation

0.12over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	CNPY	HYPE
Max drawdown (400d)	-97.0%	-18.9%
Risk-adjusted return (90d)	-0.17	0.58

Relative strength over 90 days: HYPE outperformed CNPY by 95.5% — measured on the CNPY/HYPE ratio, so it holds regardless of market direction.

Canopy Finance →Hyperliquid →