HashKey Platform Token vs Hyperliquid

Hyperliquid (HYPE) is 683.1× the size of HashKey Platform Token (HSK) by market capitalisation. Over the past 30 days, HYPE is ahead by 6.6 percentage points (HSK -12.6% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.51 across 46 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against HSK's 46%.

Correlation: 0.51
Size ratio: 1 : 683.1
Ahead over 30 days: HYPE

HashKey Platform TokenHSK

$0.085678

24h: -1.89%
Market cap: $29.56M
Volume 24h: $175,621
Volatility (ann.): 46%

HyperliquidHYPE

$84.3900

24h: -2.14%
Market cap: $20.19B
Volume 24h: $1.37B
Volatility (ann.): 82%

HSK 0.1%Share of the two combined market caps99.9% HYPE

Performance

HSKHYPE

7 days-2.89%+4.65%HYPE
30 days-12.65%-6.04%HYPE

Correlation

0.51over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	HSK	HYPE
Max drawdown (400d)	-20.1%	-18.9%
Risk-adjusted return (90d)	-0.39	0.58

Relative strength over 90 days: HYPE outperformed HSK by 23.8% — measured on the HSK/HYPE ratio, so it holds regardless of market direction.

HashKey Platform Token →Hyperliquid →