Internet Computer (ICP) is 61.0× the size of Hyperlane (HYPER) by market capitalisation. Over the past 1 year, ICP is ahead by 9.0 percentage points (HYPER -59.1% against ICP -50.1%). Their daily returns move loosely together (correlation 0.35 across 399 shared trading days). Both have run at a similar volatility, around 110% annualised.
HYPERICP
0.35over 399 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 | HYPER | ICP |
|---|---|---|
| Max drawdown (400d) | -80.8% | -77.4% |
| Risk-adjusted return (90d) | -0.02 | 0.29 |
| Best 30 days (past year) | +84.1% | +49.6% |
| Worst 30 days (past year) | -42.2% | -62.1% |
Relative strength over 90 days: ICP outperformed HYPER by 20.5% — measured on the HYPER/ICP ratio, so it holds regardless of market direction.