ChainSwap vs Hyperliquid

Hyperliquid (HYPE) is 6043.9× the size of ChainSwap (CSWAP) by market capitalisation. Over the past 30 days, CSWAP is ahead by 172.3 percentage points (CSWAP +166.3% against HYPE -6.0%). Their daily returns move barely together (correlation 0.28 across 31 shared trading days). CSWAP has been the more volatile of the two, at 226% annualised against HYPE's 82%.

Correlation: 0.28
Size ratio: 1 : 6043.9
Ahead over 30 days: CSWAP

ChainSwapCSWAP

$0.003509

24h: -0.82%
Market cap: $3.37M
Volume 24h: $1,075
Volatility (ann.): 226%

HyperliquidHYPE

$84.7300

24h: -1.69%
Market cap: $20.36B
Volume 24h: $1.41B
Volatility (ann.): 82%

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

Performance

CSWAPHYPE

7 days-3.23%+4.65%HYPE
30 days+166.27%-6.04%CSWAP

Correlation

0.28over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	CSWAP	HYPE
Max drawdown (400d)	-19.4%	-18.9%
Risk-adjusted return (90d)	0.63	0.58

Relative strength over 90 days: CSWAP outperformed HYPE by 139.6% — measured on the CSWAP/HYPE ratio, so it holds regardless of market direction.

ChainSwap →Hyperliquid →