Froggy vs Hyperliquid

Hyperliquid (HYPE) is 127538.3× the size of Froggy (FROG) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 30 shared trading days). HYPE has been the more volatile of the two, at 81% annualised against FROG's 65%.

Correlation: -0.08
Size ratio: 1 : 127538.3

FroggyFROG

$0.000147

24h: +2.92%
Market cap: $146,992
Volume 24h: $398
Volatility (ann.): 65%

HyperliquidHYPE

$78.4600

24h: -8.56%
Market cap: $18.75B
Volume 24h: $1.24B
Volatility (ann.): 81%

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

Performance

FROGHYPE

7 days-4.87%+3.87%HYPE
30 days-31.61%-11.01%HYPE
90 days—+45.28%—

Correlation

-0.08over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	FROG	HYPE
Max drawdown (400d)	-37.1%	-18.9%
Risk-adjusted return (90d)	-0.49	0.56

Relative strength over 90 days: HYPE outperformed FROG by 28.4% — measured on the FROG/HYPE ratio, so it holds regardless of market direction.

Froggy →Hyperliquid →