Lido EarnUSD vs Hyperliquid

Hyperliquid (HYPE) is 343.9× the size of Lido EarnUSD (EARNUSD) by market capitalisation. Over the past 30 days, EARNUSD is ahead by 6.9 percentage points (EARNUSD +0.9% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.08 across 44 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against EARNUSD's 2%.

Correlation: -0.08
Size ratio: 1 : 343.9
Ahead over 30 days: EARNUSD

Lido EarnUSDEARNUSD

$1.0390

24h: +0.03%
Market cap: $58.67M
Volume 24h: —
Volatility (ann.): 2%

HyperliquidHYPE

$84.3700

24h: -1.20%
Market cap: $20.18B
Volume 24h: $1.36B
Volatility (ann.): 82%

EARNUSD 0.3%Share of the two combined market caps99.7% HYPE

Performance

EARNUSDHYPE

7 days+0.19%+4.65%HYPE
30 days+0.87%-6.04%EARNUSD

Correlation

-0.08over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	EARNUSD	HYPE
Max drawdown (400d)	-0.2%	-18.9%
Risk-adjusted return (90d)	0.69	0.58

Relative strength over 90 days: HYPE outperformed EARNUSD by 3.7% — measured on the EARNUSD/HYPE ratio, so it holds regardless of market direction.

Lido EarnUSD →Hyperliquid →