Elephant Money vs Hyperliquid

Hyperliquid (HYPE) is 975.8× the size of Elephant Money (ELEPHANT) by market capitalisation. Over the past 30 days, ELEPHANT is ahead by 11.3 percentage points (ELEPHANT +5.3% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.39 across 33 shared trading days). ELEPHANT has been the more volatile of the two, at 142% annualised against HYPE's 82%.

Correlation: 0.39
Size ratio: 1 : 975.8
Ahead over 30 days: ELEPHANT

Elephant MoneyELEPHANT

$4.191e-8

24h: -1.52%
Market cap: $20.82M
Volume 24h: $10
Volatility (ann.): 142%

HyperliquidHYPE

$84.3300

24h: +0.57%
Market cap: $20.31B
Volume 24h: $1.36B
Volatility (ann.): 82%

ELEPHANT 0.1%Share of the two combined market caps99.9% HYPE

Performance

ELEPHANTHYPE

7 days-5.67%+4.65%HYPE
30 days+5.30%-6.04%ELEPHANT

Correlation

0.39over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	ELEPHANT	HYPE
Max drawdown (400d)	-20.0%	-18.9%
Risk-adjusted return (90d)	0.04	0.58

Relative strength over 90 days: ELEPHANT outperformed HYPE by 2.6% — measured on the ELEPHANT/HYPE ratio, so it holds regardless of market direction.

Elephant Money →Hyperliquid →