Looped Hype vs Kinetiq

Kinetiq (KNTQ) is 24.6× the size of Looped Hype (LHYPE) by market capitalisation. Over the past 30 days, KNTQ is ahead by 150.9 percentage points (LHYPE -0.9% against KNTQ +150.1%). Their daily returns move barely in opposite directions (correlation -0.06 across 35 shared trading days). KNTQ has been the more volatile of the two, at 201% annualised against LHYPE's 92%.

Correlation: -0.06
Size ratio: 1 : 24.6
Ahead over 30 days: KNTQ

Looped HypeLHYPE

$85.0000

24h: -1.80%
Market cap: $6.49M
Volume 24h: $8,912
Volatility (ann.): 92%

KinetiqKNTQ

$0.499901

24h: +5.04%
Market cap: $159.77M
Volume 24h: $7.36M
Volatility (ann.): 201%

LHYPE 3.9%Share of the two combined market caps96.1% KNTQ

Performance

LHYPEKNTQ

7 days+1.84%+23.74%KNTQ
30 days-0.88%+150.06%KNTQ

Correlation

-0.06over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	LHYPE	KNTQ
Max drawdown (400d)	-19.6%	-24.5%
Risk-adjusted return (90d)	0.00	1.26

Relative strength over 90 days: KNTQ outperformed LHYPE by 63.5% — measured on the LHYPE/KNTQ ratio, so it holds regardless of market direction.

Looped Hype →Kinetiq →