Dexlab vs Hyperliquid

Hyperliquid (HYPE) is 4829453.6× the size of Dexlab (XLAB) by market capitalisation. Over the past 90 days, HYPE is ahead by 102.0 percentage points (XLAB -69.2% against HYPE +32.8%). Their daily returns move barely together (correlation 0.22 across 47 shared trading days). XLAB has been the more volatile of the two, at 439% annualised against HYPE's 83%.

Correlation: 0.22
Size ratio: 1 : 4829453.6
Ahead over 90 days: HYPE

DexlabXLAB

$1.101e-8

24h: —
Market cap: $3,873
Volume 24h: —
Volatility (ann.): 439%

HyperliquidHYPE

$78.2500

24h: -0.48%
Market cap: $18.70B
Volume 24h: $1.07B
Volatility (ann.): 83%

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

Performance

XLABHYPE

7 days-17.29%-13.95%HYPE
30 days-58.87%-16.66%HYPE
90 days-69.15%+32.85%HYPE

Correlation

0.22over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	XLAB	HYPE
Max drawdown (400d)	-87.7%	-18.9%
Risk-adjusted return (90d)	-0.15	0.40

Relative strength over 90 days: HYPE outperformed XLAB by 86.7% — measured on the XLAB/HYPE ratio, so it holds regardless of market direction.

Dexlab →Hyperliquid →