Cryptex Finance vs Hyperliquid

Hyperliquid (HYPE) is 4742.9× the size of Cryptex Finance (CTX) by market capitalisation. Over the past 30 days, CTX is ahead by 21.3 percentage points (CTX +15.2% against HYPE -6.0%). Their daily returns move closely together (correlation 0.61 across 32 shared trading days). CTX has been the more volatile of the two, at 209% annualised against HYPE's 82%.

Correlation: 0.61
Size ratio: 1 : 4742.9
Ahead over 30 days: CTX

Cryptex FinanceCTX

$0.440889

24h: -1.52%
Market cap: $4.26M
Volume 24h: $26,732
Volatility (ann.): 209%

HyperliquidHYPE

$84.3900

24h: -2.14%
Market cap: $20.19B
Volume 24h: $1.37B
Volatility (ann.): 82%

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

Performance

CTXHYPE

7 days-12.79%+4.65%HYPE
30 days+15.23%-6.04%CTX

Correlation

0.61over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6390d: 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	CTX	HYPE
Max drawdown (400d)	-44.6%	-18.9%
Risk-adjusted return (90d)	0.13	0.58

Relative strength over 90 days: CTX outperformed HYPE by 22.9% — measured on the CTX/HYPE ratio, so it holds regardless of market direction.

Cryptex Finance →Hyperliquid →