Ember Earn vs Hyperliquid

Hyperliquid (HYPE) is 15665.2× the size of Ember Earn (EEARN) by market capitalisation. Over the past 30 days, EEARN is ahead by 7.4 percentage points (EEARN +1.3% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.07 across 29 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against EEARN's 6%.

Correlation: -0.07
Size ratio: 1 : 15665.2
Ahead over 30 days: EEARN

Ember EarnEEARN

$1.0550

24h: +0.02%
Market cap: $1.32M
Volume 24h: $46,204
Volatility (ann.): 6%

HyperliquidHYPE

$86.1600

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

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

Performance

EEARNHYPE

7 days+0.67%+4.65%HYPE
30 days+1.35%-6.04%EEARN

Correlation

-0.07over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	EEARN	HYPE
Max drawdown (400d)	-0.8%	-18.9%
Risk-adjusted return (90d)	0.21	0.58

Relative strength over 90 days: HYPE outperformed EEARN by 0.4% — measured on the EEARN/HYPE ratio, so it holds regardless of market direction.

Ember Earn →Hyperliquid →