Degree Crypto vs Hyperliquid

Hyperliquid (HYPE) is 26335.8× the size of Degree Crypto (DCT) by market capitalisation. Over the past 30 days, DCT is ahead by 0.2 percentage points (DCT -5.8% against HYPE -6.0%). Their daily returns move barely together (correlation 0.19 across 23 shared trading days). DCT has been the more volatile of the two, at 178% annualised against HYPE's 82%.

Correlation: 0.19
Size ratio: 1 : 26335.8
Ahead over 30 days: DCT

Degree CryptoDCT

$1.0610

24h: —
Market cap: $771,313
Volume 24h: —
Volatility (ann.): 178%

HyperliquidHYPE

$84.4100

24h: +0.57%
Market cap: $20.31B
Volume 24h: $1.36B
Volatility (ann.): 82%

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

Performance

DCTHYPE

7 days-5.00%+4.65%HYPE
30 days-5.84%-6.04%DCT

Correlation

0.19over 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	DCT	HYPE
Max drawdown (400d)	-19.4%	-18.9%
Risk-adjusted return (90d)	-0.03	0.58

Relative strength over 90 days: HYPE outperformed DCT by 13.4% — measured on the DCT/HYPE ratio, so it holds regardless of market direction.

Degree Crypto →Hyperliquid →