dHEDGE DAO vs Hyperliquid

Hyperliquid (HYPE) is 7868.0× the size of dHEDGE DAO (DHT) by market capitalisation. Over the past 30 days, DHT is ahead by 8.9 percentage points (DHT +2.9% against HYPE -6.0%). Their daily returns move closely together (correlation 0.65 across 30 shared trading days). DHT has been the more volatile of the two, at 118% annualised against HYPE's 82%.

Correlation: 0.65
Size ratio: 1 : 7868.0
Ahead over 30 days: DHT

dHEDGE DAODHT

$0.046812

24h: -0.53%
Market cap: $2.55M
Volume 24h: $87
Volatility (ann.): 118%

HyperliquidHYPE

$83.6500

24h: -2.36%
Market cap: $20.03B
Volume 24h: $1.44B
Volatility (ann.): 82%

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

Performance

DHTHYPE

7 days-6.33%+4.65%HYPE
30 days+2.86%-6.04%DHT

Correlation

0.65over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 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	DHT	HYPE
Max drawdown (400d)	-25.6%	-18.9%
Risk-adjusted return (90d)	0.02	0.58

Relative strength over 90 days: DHT outperformed HYPE by 1.0% — measured on the DHT/HYPE ratio, so it holds regardless of market direction.

dHEDGE DAO →Hyperliquid →