DexKit vs Hyperliquid

Hyperliquid (HYPE) is 8804.2× the size of DexKit (KIT) by market capitalisation. Over the past 30 days, HYPE is ahead by 3.2 percentage points (KIT -9.3% against HYPE -6.0%). Their daily returns move closely together (correlation 0.70 across 31 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against KIT's 55%.

Correlation: 0.70
Size ratio: 1 : 8804.2
Ahead over 30 days: HYPE

DexKitKIT

$0.230103

24h: +2.57%
Market cap: $2.30M
Volume 24h: $101
Volatility (ann.): 55%

HyperliquidHYPE

$84.6400

24h: -1.82%
Market cap: $20.26B
Volume 24h: $1.41B
Volatility (ann.): 82%

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

Performance

KITHYPE

7 days-3.43%+4.65%HYPE
30 days-9.26%-6.04%HYPE

Correlation

0.70over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7090d: 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	KIT	HYPE
Max drawdown (400d)	-19.9%	-18.9%
Risk-adjusted return (90d)	-0.18	0.58

Relative strength over 90 days: HYPE outperformed KIT by 12.3% — measured on the KIT/HYPE ratio, so it holds regardless of market direction.

DexKit →Hyperliquid →