GAGE vs Hyperliquid

Hyperliquid (HYPE) is 5775.5× the size of GAGE (GAGE) by market capitalisation. Over the past 30 days, GAGE is ahead by 180.0 percentage points (GAGE +174.0% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.43 across 34 shared trading days). GAGE has been the more volatile of the two, at 381% annualised against HYPE's 82%.

Correlation: 0.43
Size ratio: 1 : 5775.5
Ahead over 30 days: GAGE

GAGEGAGE

$0.003508

24h: +1.36%
Market cap: $3.51M
Volume 24h: $51,663
Volatility (ann.): 381%

HyperliquidHYPE

$84.6400

24h: -1.82%
Market cap: $20.26B
Volume 24h: $1.41B
Volatility (ann.): 82%

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

Performance

GAGEHYPE

7 days+45.92%+4.65%GAGE
30 days+173.99%-6.04%GAGE

Correlation

0.43over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	GAGE	HYPE
Max drawdown (400d)	-53.7%	-18.9%
Risk-adjusted return (90d)	0.35	0.58

Relative strength over 90 days: GAGE outperformed HYPE by 141.4% — measured on the GAGE/HYPE ratio, so it holds regardless of market direction.

GAGE →Hyperliquid →