Main Street Yield vs Hyperliquid

Hyperliquid (HYPE) is 590.6× the size of Main Street Yield (MSY) by market capitalisation. Over the past 30 days, MSY is ahead by 16.7 percentage points (MSY +10.6% against HYPE -6.0%). Their daily returns move barely together (correlation 0.18 across 37 shared trading days). MSY has been the more volatile of the two, at 130% annualised against HYPE's 82%.

Correlation: 0.18
Size ratio: 1 : 590.6
Ahead over 30 days: MSY

Main Street YieldMSY

$0.532748

24h: -7.28%
Market cap: $34.24M
Volume 24h: $2,613
Volatility (ann.): 130%

HyperliquidHYPE

$85.8700

24h: -1.47%
Market cap: $20.23B
Volume 24h: $1.27B
Volatility (ann.): 82%

MSY 0.2%Share of the two combined market caps99.8% HYPE

Performance

MSYHYPE

7 days-10.81%+4.65%HYPE
30 days+10.64%-6.04%MSY

Correlation

0.18over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	MSY	HYPE
Max drawdown (400d)	-17.2%	-18.9%
Risk-adjusted return (90d)	0.43	0.58

Relative strength over 90 days: MSY outperformed HYPE by 42.3% — measured on the MSY/HYPE ratio, so it holds regardless of market direction.

Main Street Yield →Hyperliquid →