Elk Finance vs Hyperliquid

Hyperliquid (HYPE) is 140885.3× the size of Elk Finance (ELK) by market capitalisation. Over the past 90 days, HYPE is ahead by 62.0 percentage points (ELK -16.7% against HYPE +45.3%). Their daily returns move loosely together (correlation 0.56 across 41 shared trading days). Both have run at a similar volatility, around 78% annualised.

Correlation: 0.56
Size ratio: 1 : 140885.3
Ahead over 90 days: HYPE

Elk FinanceELK

$0.008207

24h: +1.76%
Market cap: $132,400
Volume 24h: $805
Volatility (ann.): 75%

HyperliquidHYPE

$77.8100

24h: -7.55%
Market cap: $18.65B
Volume 24h: $1.31B
Volatility (ann.): 81%

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

Performance

ELKHYPE

7 days-15.28%+3.87%HYPE
30 days-9.00%-11.01%ELK
90 days-16.69%+45.28%HYPE

Correlation

0.56over 41 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6490d: 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	ELK	HYPE
Max drawdown (400d)	-54.0%	-18.9%
Risk-adjusted return (90d)	-0.19	0.56

Relative strength over 90 days: HYPE outperformed ELK by 19.7% — measured on the ELK/HYPE ratio, so it holds regardless of market direction.

Elk Finance →Hyperliquid →