Dora Factory vs Hyperliquid

Hyperliquid (HYPE) is 5536.6× the size of Dora Factory (DORA) by market capitalisation. Over the past 30 days, HYPE is ahead by 40.7 percentage points (DORA -46.7% against HYPE -6.0%). Their daily returns move loosely in opposite directions (correlation -0.59 across 23 shared trading days). DORA has been the more volatile of the two, at 297% annualised against HYPE's 82%.

Correlation: -0.59
Size ratio: 1 : 5536.6
Ahead over 30 days: HYPE

Dora FactoryDORA

$0.003732

24h: -0.68%
Market cap: $3.73M
Volume 24h: $557
Volatility (ann.): 297%

HyperliquidHYPE

$86.0600

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

DORAHYPE

7 days-66.05%+4.65%HYPE
30 days-46.73%-6.04%HYPE

Correlation

-0.59over 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	DORA	HYPE
Max drawdown (400d)	-66.6%	-18.9%
Risk-adjusted return (90d)	-0.16	0.58

Relative strength over 90 days: HYPE outperformed DORA by 48.8% — measured on the DORA/HYPE ratio, so it holds regardless of market direction.

Dora Factory →Hyperliquid →