Greenwood vs Hyperliquid

Hyperliquid (HYPE) is 103668.5× the size of Greenwood (GWOOD) by market capitalisation. Over the past 30 days, HYPE is ahead by 29.4 percentage points (GWOOD -35.5% against HYPE -6.0%). Their daily returns move barely together (correlation 0.19 across 33 shared trading days). GWOOD has been the more volatile of the two, at 215% annualised against HYPE's 82%.

Correlation: 0.19
Size ratio: 1 : 103668.5
Ahead over 30 days: HYPE

GreenwoodGWOOD

$0.000483

24h: —
Market cap: $193,230
Volume 24h: $10
Volatility (ann.): 215%

HyperliquidHYPE

$83.6500

24h: -2.36%
Market cap: $20.03B
Volume 24h: $1.44B
Volatility (ann.): 82%

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

Performance

GWOODHYPE

7 days-18.18%+4.65%HYPE
30 days-35.45%-6.04%HYPE

Correlation

0.19over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	GWOOD	HYPE
Max drawdown (400d)	-53.4%	-18.9%
Risk-adjusted return (90d)	-0.25	0.58

Relative strength over 90 days: HYPE outperformed GWOOD by 51.2% — measured on the GWOOD/HYPE ratio, so it holds regardless of market direction.

Greenwood →Hyperliquid →