Galaxy USDC Quality (Base) vs Hyperliquid

Hyperliquid (HYPE) is 10191.8× the size of Galaxy USDC Quality (Base) (BASEETH:GUSDCQ) by market capitalisation. Over the past 30 days, BASEETH:GUSDCQ is ahead by 6.3 percentage points (BASEETH:GUSDCQ +0.3% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.07 across 23 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against BASEETH:GUSDCQ's 2%.

Correlation: -0.07
Size ratio: 1 : 10191.8
Ahead over 30 days: BASEETH:GUSDCQ

Galaxy USDC Quality (Base)BASEETH:GUSDCQ

$1.0220

24h: +0.03%
Market cap: $2.03M
Volume 24h: —
Volatility (ann.): 2%

HyperliquidHYPE

$86.7800

24h: +2.85%
Market cap: $20.72B
Volume 24h: $1.35B
Volatility (ann.): 82%

BASEETH:GUSDCQ 0.0%Share of the two combined market caps100.0% HYPE

Performance

BASEETH:GUSDCQHYPE

7 days+0.10%+4.65%HYPE
30 days+0.30%-6.04%BASEETH:GUSDCQ

Correlation

-0.07over 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	BASEETH:GUSDCQ	HYPE
Max drawdown (400d)	-0.3%	-18.9%
Risk-adjusted return (90d)	0.14	0.58

Relative strength over 90 days: HYPE outperformed BASEETH:GUSDCQ by 3.7% — measured on the BASEETH:GUSDCQ/HYPE ratio, so it holds regardless of market direction.

Galaxy USDC Quality (Base) →Hyperliquid →