Everest vs Hyperliquid

Hyperliquid (HYPE) is 56814.9× the size of Everest (ID) by market capitalisation. Over the past 30 days, HYPE is ahead by 67.1 percentage points (ID -73.1% against HYPE -6.0%). Their daily returns move barely together (correlation 0.33 across 24 shared trading days). ID has been the more volatile of the two, at 219% annualised against HYPE's 82%.

Correlation: 0.33
Size ratio: 1 : 56814.9
Ahead over 30 days: HYPE

EverestID

$0.003122

24h: —
Market cap: $364,299
Volume 24h: $5
Volatility (ann.): 219%

HyperliquidHYPE

$85.8900

24h: +2.37%
Market cap: $20.70B
Volume 24h: $1.39B
Volatility (ann.): 82%

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

Performance

IDHYPE

7 days-64.98%+4.65%HYPE
30 days-73.10%-6.04%HYPE

Correlation

0.33over 24 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	ID	HYPE
Max drawdown (400d)	-73.6%	-18.9%
Risk-adjusted return (90d)	-0.34	0.58

Relative strength over 90 days: HYPE outperformed ID by 74.0% — measured on the ID/HYPE ratio, so it holds regardless of market direction.

Everest →Hyperliquid →