Push Protocol vs Hyperliquid

Hyperliquid (HYPE) is 220913.0× the size of Push Protocol (PUSH) by market capitalisation. Over the past 90 days, HYPE is ahead by 134.4 percentage points (PUSH -89.1% against HYPE +45.3%). Their daily returns move closely together (correlation 0.61 across 46 shared trading days). PUSH has been the more volatile of the two, at 233% annualised against HYPE's 81%.

Correlation: 0.61
Size ratio: 1 : 220913.0
Ahead over 90 days: HYPE

Push ProtocolPUSH

$0.001011

24h: -0.23%
Market cap: $91,269
Volume 24h: $2
Volatility (ann.): 233%

HyperliquidHYPE

$84.1000

24h: +2.61%
Market cap: $20.16B
Volume 24h: $1.44B
Volatility (ann.): 81%

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

Performance

PUSHHYPE

7 days-8.02%+3.87%HYPE
30 days-80.85%-11.01%HYPE
90 days-89.14%+45.28%HYPE

Correlation

0.61over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	PUSH	HYPE
Max drawdown (400d)	-92.3%	-18.9%
Risk-adjusted return (90d)	-0.35	0.56

Relative strength over 90 days: HYPE outperformed PUSH by 81.8% — measured on the PUSH/HYPE ratio, so it holds regardless of market direction.

Push Protocol →Hyperliquid →