Eris Amplified Luna vs Hyperliquid

Hyperliquid (HYPE) is 16446.4× the size of Eris Amplified Luna (AMPLUNA) by market capitalisation. Over the past 30 days, AMPLUNA is ahead by 24.4 percentage points (AMPLUNA +18.4% against HYPE -6.0%). Their daily returns move very closely together (correlation 0.86 across 21 shared trading days). Both have run at a similar volatility, around 83% annualised.

Correlation: 0.86
Size ratio: 1 : 16446.4
Ahead over 30 days: AMPLUNA

Eris Amplified LunaAMPLUNA

$0.093195

24h: -0.39%
Market cap: $1.26M
Volume 24h: $21,868
Volatility (ann.): 84%

HyperliquidHYPE

$86.8600

24h: +2.85%
Market cap: $20.72B
Volume 24h: $1.35B
Volatility (ann.): 82%

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

Performance

AMPLUNAHYPE

7 days-0.62%+4.65%HYPE
30 days+18.41%-6.04%AMPLUNA

Correlation

0.86over 21 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	AMPLUNA	HYPE
Max drawdown (400d)	-9.7%	-18.9%
Risk-adjusted return (90d)	0.22	0.58

Relative strength over 90 days: AMPLUNA outperformed HYPE by 8.9% — measured on the AMPLUNA/HYPE ratio, so it holds regardless of market direction.

Eris Amplified Luna →Hyperliquid →