Coinnekt+ vs Hyperliquid

Coinnekt+ (CNKT+) and Hyperliquid (HYPE) compared side by side. Over the past 30 days, HYPE is ahead by 27.2 percentage points (CNKT+ -33.2% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.17 across 34 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against CNKT+'s 65%.

Correlation: -0.17
Ahead over 30 days: HYPE

Coinnekt+CNKT+

$0.000195

24h: +5.30%
Market cap: —
Volume 24h: $5,572
Volatility (ann.): 65%

HyperliquidHYPE

$86.7800

24h: +2.85%
Market cap: $20.72B
Volume 24h: $1.35B
Volatility (ann.): 82%

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

Performance

CNKT+HYPE

7 days-10.01%+4.65%HYPE
30 days-33.24%-6.04%HYPE

Correlation

-0.17over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	CNKT+	HYPE
Max drawdown (400d)	-37.1%	-18.9%
Risk-adjusted return (90d)	-0.43	0.58

Relative strength over 90 days: HYPE outperformed CNKT+ by 25.9% — measured on the CNKT+/HYPE ratio, so it holds regardless of market direction.

Coinnekt+ →Hyperliquid →