Hummingbird Finance vs Hyperliquid

Hyperliquid (HYPE) is 166448.0× the size of Hummingbird Finance (HMNG) by market capitalisation. Over the past 90 days, HYPE is ahead by 95.5 percentage points (HMNG -50.3% against HYPE +45.3%). Their daily returns move barely together (correlation 0.07 across 34 shared trading days). HMNG has been the more volatile of the two, at 516% annualised against HYPE's 81%.

Correlation: 0.07
Size ratio: 1 : 166448.0
Ahead over 90 days: HYPE

Hummingbird FinanceHMNG

$1.178e-9

24h: —
Market cap: $117,789
Volume 24h: —
Volatility (ann.): 516%

HyperliquidHYPE

$81.7500

24h: -3.61%
Market cap: $19.61B
Volume 24h: $1.22B
Volatility (ann.): 81%

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

Performance

HMNGHYPE

7 days+34.27%+3.87%HMNG
30 days-74.89%-11.01%HYPE
90 days-50.27%+45.28%HYPE

Correlation

0.07over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: 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	HMNG	HYPE
Max drawdown (400d)	-85.4%	-18.9%
Risk-adjusted return (90d)	-0.07	0.56

Relative strength over 90 days: HMNG outperformed HYPE by 3.4% — measured on the HMNG/HYPE ratio, so it holds regardless of market direction.

Hummingbird Finance →Hyperliquid →