Longbow vs Hyperliquid

Hyperliquid (HYPE) is 5394.8× the size of Longbow (BOW) by market capitalisation. Over the past 30 days, HYPE is ahead by 34.3 percentage points (BOW -40.3% against HYPE -6.0%). Their daily returns move barely together (correlation 0.32 across 33 shared trading days). BOW has been the more volatile of the two, at 411% annualised against HYPE's 82%.

Correlation: 0.32
Size ratio: 1 : 5394.8
Ahead over 30 days: HYPE

LongbowBOW

$0.003830

24h: +7.84%
Market cap: $3.83M
Volume 24h: $108,617
Volatility (ann.): 411%

HyperliquidHYPE

$86.0600

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

BOWHYPE

7 days-15.70%+4.65%HYPE
30 days-40.30%-6.04%HYPE

Correlation

0.32over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	BOW	HYPE
Max drawdown (400d)	-67.7%	-18.9%
Risk-adjusted return (90d)	-0.01	0.58

Relative strength over 90 days: HYPE outperformed BOW by 4.7% — measured on the BOW/HYPE ratio, so it holds regardless of market direction.

Longbow →Hyperliquid →