ExchangeCoin vs Hyperliquid

Hyperliquid (HYPE) is 8333.7× the size of ExchangeCoin (EXCC) by market capitalisation. Over the past 30 days, EXCC is ahead by 8.2 percentage points (EXCC +2.2% against HYPE -6.0%). Their daily returns move closely together (correlation 0.83 across 23 shared trading days). Both have run at a similar volatility, around 82% annualised.

Correlation: 0.83
Size ratio: 1 : 8333.7
Ahead over 30 days: EXCC

ExchangeCoinEXCC

$0.080242

24h: -2.89%
Market cap: $2.48M
Volume 24h: $92,593
Volatility (ann.): 83%

HyperliquidHYPE

$85.8900

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

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

Performance

EXCCHYPE

7 days-10.08%+4.65%HYPE
30 days+2.17%-6.04%EXCC

Correlation

0.83over 23 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	EXCC	HYPE
Max drawdown (400d)	-11.5%	-18.9%
Risk-adjusted return (90d)	0.03	0.58

Relative strength over 90 days: HYPE outperformed EXCC by 1.9% — measured on the EXCC/HYPE ratio, so it holds regardless of market direction.

ExchangeCoin →Hyperliquid →