Hipo Governance Token vs Kinetiq

Kinetiq (KNTQ) is 46.3× the size of Hipo Governance Token (HPO) by market capitalisation. Over the past 30 days, KNTQ is ahead by 75.0 percentage points (HPO +75.0% against KNTQ +150.1%). Their daily returns move barely together (correlation 0.02 across 33 shared trading days). KNTQ has been the more volatile of the two, at 201% annualised against HPO's 121%.

Correlation: 0.02
Size ratio: 1 : 46.3
Ahead over 30 days: KNTQ

Hipo Governance TokenHPO

$0.004401

24h: -2.40%
Market cap: $3.32M
Volume 24h: $209
Volatility (ann.): 121%

KinetiqKNTQ

$0.481231

24h: -1.41%
Market cap: $153.81M
Volume 24h: $6.55M
Volatility (ann.): 201%

HPO 2.1%Share of the two combined market caps97.9% KNTQ

Performance

HPOKNTQ

7 days+10.18%+23.74%KNTQ
30 days+75.05%+150.06%KNTQ

Correlation

0.02over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	HPO	KNTQ
Max drawdown (400d)	-15.1%	-24.5%
Risk-adjusted return (90d)	0.94	1.26

Relative strength over 90 days: KNTQ outperformed HPO by 25.0% — measured on the HPO/KNTQ ratio, so it holds regardless of market direction.

Hipo Governance Token →Kinetiq →