KARAT Galaxy vs Hyperliquid

Hyperliquid (HYPE) is 12365.4× the size of KARAT Galaxy (KARAT) by market capitalisation. Over the past 30 days, HYPE is ahead by 16.9 percentage points (KARAT -23.0% against HYPE -6.0%). Their daily returns move closely together (correlation 0.67 across 31 shared trading days). KARAT has been the more volatile of the two, at 112% annualised against HYPE's 82%.

Correlation: 0.67
Size ratio: 1 : 12365.4
Ahead over 30 days: HYPE

KARAT GalaxyKARAT

$0.018766

24h: —
Market cap: $1.67M
Volume 24h: —
Volatility (ann.): 112%

HyperliquidHYPE

$86.5900

24h: +2.74%
Market cap: $20.69B
Volume 24h: $1.36B
Volatility (ann.): 82%

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

Performance

KARATHYPE

7 days-12.79%+4.65%HYPE
30 days-22.98%-6.04%HYPE

Correlation

0.67over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6790d: 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	KARAT	HYPE
Max drawdown (400d)	-36.9%	-18.9%
Risk-adjusted return (90d)	-0.06	0.58

Relative strength over 90 days: HYPE outperformed KARAT by 9.9% — measured on the KARAT/HYPE ratio, so it holds regardless of market direction.

KARAT Galaxy →Hyperliquid →