ChangeNOW vs Hyperliquid

Hyperliquid (HYPE) is 623.7× the size of ChangeNOW (NOW) by market capitalisation. Over the past 30 days, HYPE is ahead by 1.7 percentage points (NOW -7.8% against HYPE -6.0%). Their daily returns move closely together (correlation 0.75 across 46 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against NOW's 50%.

Correlation: 0.75
Size ratio: 1 : 623.7
Ahead over 30 days: HYPE

ChangeNOWNOW

$0.387372

24h: +1.80%
Market cap: $32.35M
Volume 24h: $5,553
Volatility (ann.): 50%

HyperliquidHYPE

$84.4300

24h: -1.20%
Market cap: $20.18B
Volume 24h: $1.36B
Volatility (ann.): 82%

NOW 0.2%Share of the two combined market caps99.8% HYPE

Performance

NOWHYPE

7 days+5.88%+4.65%NOW
30 days-7.77%-6.04%HYPE

Correlation

0.75over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8090d: 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	NOW	HYPE
Max drawdown (400d)	-17.6%	-18.9%
Risk-adjusted return (90d)	-0.11	0.58

Relative strength over 90 days: HYPE outperformed NOW by 12.0% — measured on the NOW/HYPE ratio, so it holds regardless of market direction.

ChangeNOW →Hyperliquid →