Hyperliquid vs Hedera
Hyperliquid (HYPE) is 4.9× the size of Hedera (HBAR) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 31 shared trading days). HYPE has been the more volatile of the two, at 88% annualised against HBAR's 68%.
Performance
| Period | HYPE | HBAR | Ahead |
|---|---|---|---|
| 7 days | -6.11% | +33.36% | HBAR |
| 30 days | +36.97% | +24.17% | HYPE |
| 90 days | — | +31.00% | — |
| 1 year | — | -55.40% | — |
Risk & extremes
| Metric | HYPE | HBAR |
|---|---|---|
| Max drawdown (400d) | -10.6% | -74.8% |
| Risk-adjusted return (90d) | 0.42 | 0.59 |
| Best 30 days (past year) | — | +24.2% |
| Worst 30 days (past year) | — | -39.4% |
Relative strength over 90 days: HYPE outperformed HBAR by 19.2% — measured on the HYPE/HBAR ratio, so it holds regardless of market direction.
Correlation
0.50over 31 shared trading days
7d: insufficient data30d: 0.5090d: 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.