Hyperbeat Ultra HYPE vs Hyperliquid

Hyperliquid (HYPE) is 12034.8× the size of Hyperbeat Ultra HYPE (HBHYPE) by market capitalisation. Over the past 30 days, HBHYPE is ahead by 7.9 percentage points (HBHYPE +1.9% against HYPE -6.0%). Their daily returns move very closely together (correlation 0.97 across 28 shared trading days). Both have run at a similar volatility, around 86% annualised.

Correlation: 0.97
Size ratio: 1 : 12034.8
Ahead over 30 days: HBHYPE

Hyperbeat Ultra HYPEHBHYPE

$84.9800

24h: -2.02%
Market cap: $1.69M
Volume 24h: $79
Volatility (ann.): 91%

HyperliquidHYPE

$84.7300

24h: -1.69%
Market cap: $20.36B
Volume 24h: $1.41B
Volatility (ann.): 82%

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

Performance

HBHYPEHYPE

7 days-5.82%+4.65%HYPE
30 days+1.85%-6.04%HBHYPE

Correlation

0.97over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9790d: 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	HBHYPE	HYPE
Max drawdown (400d)	-19.6%	-18.9%
Risk-adjusted return (90d)	0.05	0.58

Relative strength over 90 days: HBHYPE outperformed HYPE by 3.2% — measured on the HBHYPE/HYPE ratio, so it holds regardless of market direction.

Hyperbeat Ultra HYPE →Hyperliquid →