Memento vs Hyperliquid

Hyperliquid (HYPE) is 4238.6× the size of Memento (DEXTF) by market capitalisation. Over the past 30 days, DEXTF is ahead by 51.8 percentage points (DEXTF +45.8% against HYPE -6.0%). Their daily returns move closely together (correlation 0.77 across 32 shared trading days). DEXTF has been the more volatile of the two, at 266% annualised against HYPE's 82%.

Correlation: 0.77
Size ratio: 1 : 4238.6
Ahead over 30 days: DEXTF

MementoDEXTF

$0.060810

24h: -0.28%
Market cap: $4.91M
Volume 24h: $47,858
Volatility (ann.): 266%

HyperliquidHYPE

$86.9900

24h: +3.13%
Market cap: $20.79B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

DEXTFHYPE

7 days+21.46%+4.65%DEXTF
30 days+45.75%-6.04%DEXTF

Correlation

0.77over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7790d: 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	DEXTF	HYPE
Max drawdown (400d)	-39.7%	-18.9%
Risk-adjusted return (90d)	0.15	0.58

Relative strength over 90 days: DEXTF outperformed HYPE by 36.4% — measured on the DEXTF/HYPE ratio, so it holds regardless of market direction.

Memento →Hyperliquid →