HyperCycle (HYPC) and Cosmos Hub (ATOM) compared side by side. Their daily returns move barely together (correlation 0.09 across 32 shared trading days). ATOM has been the more volatile of the two, at 74% annualised against HYPC's 47%.
HYPCATOM
0.09over 32 shared trading days
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.
| Metric | HYPC | ATOM |
|---|---|---|
| Max drawdown (400d) | -29.5% | -71.6% |
| Risk-adjusted return (90d) | -0.63 | 0.05 |
| Best 30 days (past year) | — | +38.6% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: ATOM outperformed HYPC by 14.3% — measured on the HYPC/ATOM ratio, so it holds regardless of market direction.