DefiTuna vs Hyperliquid

Hyperliquid (HYPE) is 39872.0× the size of DefiTuna (TUNA) by market capitalisation. Over the past 30 days, HYPE is ahead by 41.8 percentage points (TUNA -47.8% against HYPE -6.0%). Their daily returns move barely together (correlation 0.16 across 28 shared trading days). TUNA has been the more volatile of the two, at 262% annualised against HYPE's 82%.

Correlation: 0.16
Size ratio: 1 : 39872.0
Ahead over 30 days: HYPE

DefiTunaTUNA

$0.001787

24h: -9.59%
Market cap: $502,919
Volume 24h: $210
Volatility (ann.): 262%

HyperliquidHYPE

$83.6100

24h: -2.03%
Market cap: $20.05B
Volume 24h: $1.44B
Volatility (ann.): 82%

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

Performance

TUNAHYPE

7 days-14.89%+4.65%HYPE
30 days-47.83%-6.04%HYPE

Correlation

0.16over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	TUNA	HYPE
Max drawdown (400d)	-64.1%	-18.9%
Risk-adjusted return (90d)	-0.20	0.58

Relative strength over 90 days: HYPE outperformed TUNA by 51.4% — measured on the TUNA/HYPE ratio, so it holds regardless of market direction.

DefiTuna →Hyperliquid →