Hyperliquid vs LEO Token

Hyperliquid (HYPE) is 2.4× the size of LEO Token (LEO) by market capitalisation. Over the past 30 days, LEO is ahead by 8.1 percentage points (HYPE -6.0% against LEO +2.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 58 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against LEO's 21%.

Correlation: -0.04
Size ratio: 2.4×
Ahead over 30 days: LEO

HyperliquidHYPE

$84.8500

24h: +0.34%
Market cap: $20.29B
Volume 24h: $1.35B
Volatility (ann.): 82%

LEO TokenLEO

$9.3200

24h: +0.60%
Market cap: $8.58B
Volume 24h: $100,537
Volatility (ann.): 21%

HYPE 70.3%Share of the two combined market caps29.7% LEO

Performance

HYPELEO

7 days+4.65%+2.76%HYPE
30 days-6.04%+2.09%LEO

Correlation

-0.04over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	HYPE	LEO
Max drawdown (400d)	-18.9%	-8.8%
Risk-adjusted return (90d)	0.58	-0.02

Relative strength over 90 days: HYPE outperformed LEO by 48.0% — measured on the HYPE/LEO ratio, so it holds regardless of market direction.

Hyperliquid →LEO Token →