Fuse vs Hyperliquid

Hyperliquid (HYPE) is 7361.6× the size of Fuse (FUSE) by market capitalisation. Over the past 30 days, HYPE is ahead by 93.8 percentage points (FUSE -99.9% against HYPE -6.0%). Their daily returns move barely together (correlation 0.20 across 26 shared trading days). FUSE has been the more volatile of the two, at 358% annualised against HYPE's 82%.

Correlation: 0.20
Size ratio: 1 : 7361.6
Ahead over 30 days: HYPE

FuseFUSE

$0.007132

24h: -0.06%
Market cap: $2.81M
Volume 24h: $298,090
Volatility (ann.): 358%

HyperliquidHYPE

$86.0600

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

FUSEHYPE

7 days-99.95%+4.65%HYPE
30 days-99.89%-6.04%HYPE

Correlation

0.20over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	FUSE	HYPE
Max drawdown (400d)	-100.0%	-18.9%
Risk-adjusted return (90d)	-0.28	0.58

Relative strength over 90 days: HYPE outperformed FUSE by 99.9% — measured on the FUSE/HYPE ratio, so it holds regardless of market direction.

Fuse →Hyperliquid →