CoinEx vs Hyperliquid

Hyperliquid (HYPE) is 1693.7× the size of CoinEx (CET) by market capitalisation. Over the past 30 days, HYPE is ahead by 53.1 percentage points (CET -59.1% against HYPE -6.0%). Their daily returns move barely together (correlation 0.10 across 23 shared trading days). CET has been the more volatile of the two, at 102% annualised against HYPE's 82%.

Correlation: 0.10
Size ratio: 1 : 1693.7
Ahead over 30 days: HYPE

CoinExCET

$0.004999

24h: —
Market cap: $12.20M
Volume 24h: —
Volatility (ann.): 102%

HyperliquidHYPE

$86.0600

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

CET 0.1%Share of the two combined market caps99.9% HYPE

Performance

CETHYPE

7 days-0.04%+4.65%HYPE
30 days-59.12%-6.04%HYPE

Correlation

0.10over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	CET	HYPE
Max drawdown (400d)	-64.2%	-18.9%
Risk-adjusted return (90d)	-0.58	0.58

Relative strength over 90 days: HYPE outperformed CET by 61.3% — measured on the CET/HYPE ratio, so it holds regardless of market direction.

CoinEx →Hyperliquid →