HXRO vs Hyperliquid

Hyperliquid (HYPE) is 10698.4× the size of HXRO (HXRO) by market capitalisation. Over the past 30 days, HYPE is ahead by 16.0 percentage points (HXRO -22.0% against HYPE -6.0%). Their daily returns move barely together (correlation 0.32 across 30 shared trading days). HXRO has been the more volatile of the two, at 284% annualised against HYPE's 82%.

Correlation: 0.32
Size ratio: 1 : 10698.4
Ahead over 30 days: HYPE

HXROHXRO

$0.002005

24h: +0.55%
Market cap: $1.91M
Volume 24h: $48
Volatility (ann.): 284%

HyperliquidHYPE

$86.0600

24h: -2.24%
Market cap: $20.44B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

HXROHYPE

7 days-48.11%+4.65%HYPE
30 days-22.05%-6.04%HYPE

Correlation

0.32over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	HXRO	HYPE
Max drawdown (400d)	-52.8%	-18.9%
Risk-adjusted return (90d)	-0.12	0.58

Relative strength over 90 days: HYPE outperformed HXRO by 34.8% — measured on the HXRO/HYPE ratio, so it holds regardless of market direction.

HXRO →Hyperliquid →