HoodPerp vs Lighter

Lighter (LIT) is 180405.6× the size of HoodPerp (HPERP) by market capitalisation. Over the past 30 days, LIT is ahead by 15.3 percentage points (HPERP -32.2% against LIT -16.9%). Their daily returns move loosely together (correlation 0.46 across 25 shared trading days). Both have run at a similar volatility, around 114% annualised.

Correlation: 0.46
Size ratio: 1 : 180405.6
Ahead over 30 days: LIT

HoodPerpHPERP

$4.770e-6

24h: +9.14%
Market cap: $4,704
Volume 24h: $21
Volatility (ann.): 109%

LighterLIT

$0.743000

24h: -2.59%
Market cap: $848.70M
Volume 24h: $95.86M
Volatility (ann.): 118%

HPERP 0.0%Share of the two combined market caps100.0% LIT

Performance

HPERPLIT

7 days-7.85%+13.99%LIT
30 days-32.20%-16.92%LIT

Correlation

0.46over 25 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	HPERP	LIT
Max drawdown (400d)	-36.2%	-42.9%
Risk-adjusted return (90d)	-0.29	-0.26

Relative strength over 90 days: LIT outperformed HPERP by 22.7% — measured on the HPERP/LIT ratio, so it holds regardless of market direction.

HoodPerp →Lighter →