Impossible Finance vs Hyperliquid

Hyperliquid (HYPE) is 715538.6× the size of Impossible Finance (IF) by market capitalisation. Over the past 90 days, HYPE is ahead by 36.1 percentage points (IF -3.2% against HYPE +32.8%). Their daily returns move barely together (correlation 0.12 across 42 shared trading days). HYPE has been the more volatile of the two, at 83% annualised against IF's 25%.

Correlation: 0.12
Size ratio: 1 : 715538.6
Ahead over 90 days: HYPE

Impossible FinanceIF

$0.002564

24h: -0.73%
Market cap: $25,866
Volume 24h: $3
Volatility (ann.): 25%

HyperliquidHYPE

$77.7500

24h: -8.00%
Market cap: $18.51B
Volume 24h: $1.43B
Volatility (ann.): 83%

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

Performance

IFHYPE

7 days-2.97%-13.95%IF
30 days-4.06%-16.66%IF
90 days-3.24%+32.85%HYPE

Correlation

0.12over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	IF	HYPE
Max drawdown (400d)	-24.0%	-18.9%
Risk-adjusted return (90d)	-0.15	0.40

Relative strength over 90 days: HYPE outperformed IF by 25.9% — measured on the IF/HYPE ratio, so it holds regardless of market direction.

Impossible Finance →Hyperliquid →