EverRise vs Hyperliquid

Hyperliquid (HYPE) is 1442141.7× the size of EverRise (RISE) by market capitalisation. Over the past 30 days, RISE is ahead by 316.1 percentage points (RISE +310.1% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.17 across 29 shared trading days). RISE has been the more volatile of the two, at 23515% annualised against HYPE's 82%.

Correlation: -0.17
Size ratio: 1 : 1442141.7
Ahead over 30 days: RISE

EverRiseRISE

$1.940e-7

24h: —
Market cap: $13,890
Volume 24h: —
Volatility (ann.): 23515%

HyperliquidHYPE

$83.6500

24h: -2.36%
Market cap: $20.03B
Volume 24h: $1.44B
Volatility (ann.): 82%

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

Performance

RISEHYPE

7 days+312.70%+4.65%RISE
30 days+310.07%-6.04%RISE

Correlation

-0.17over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 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	RISE	HYPE
Max drawdown (400d)	-98.8%	-18.9%
Risk-adjusted return (90d)	0.01	0.58

Relative strength over 90 days: RISE outperformed HYPE by 320.3% — measured on the RISE/HYPE ratio, so it holds regardless of market direction.

EverRise →Hyperliquid →