L4VA vs Hyperliquid

Hyperliquid (HYPE) is 41122.1× the size of L4VA (L4VA) by market capitalisation. Over the past 30 days, HYPE is ahead by 10.0 percentage points (L4VA -21.4% against HYPE -11.3%). Their daily returns move barely together (correlation 0.35 across 26 shared trading days). L4VA has been the more volatile of the two, at 207% annualised against HYPE's 82%.

Correlation: 0.35
Size ratio: 1 : 41122.1
Ahead over 30 days: HYPE

L4VAL4VA

$0.001106

24h: +2.08%
Market cap: $465,830
Volume 24h: $278
Volatility (ann.): 207%

HyperliquidHYPE

$80.1400

24h: -0.94%
Market cap: $19.16B
Volume 24h: $722.36M
Volatility (ann.): 82%

L4VA 0.0%Share of the two combined market caps100.0% HYPE

Performance

L4VAHYPE

7 days-35.04%+1.09%HYPE
30 days-21.38%-11.35%HYPE

Correlation

0.35over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	L4VA	HYPE
Max drawdown (400d)	-44.2%	-18.9%
Risk-adjusted return (90d)	-0.10	0.50

Relative strength over 90 days: HYPE outperformed L4VA by 13.9% — measured on the L4VA/HYPE ratio, so it holds regardless of market direction.

L4VA →Hyperliquid →