MarhabaDeFi vs Hyperliquid

MarhabaDeFi (MRHB) and Hyperliquid (HYPE) compared side by side. Over the past 30 days, MRHB is ahead by 3.9 percentage points (MRHB -2.1% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 34 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against MRHB's 14%.

Correlation: -0.03
Ahead over 30 days: MRHB

MarhabaDeFiMRHB

$0.000251

24h: -0.30%
Market cap: —
Volume 24h: $84
Volatility (ann.): 14%

HyperliquidHYPE

$83.9400

24h: -1.98%
Market cap: $20.06B
Volume 24h: $1.46B
Volatility (ann.): 82%

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

Performance

MRHBHYPE

7 days-1.33%+4.65%HYPE
30 days-2.10%-6.04%MRHB

Correlation

-0.03over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	MRHB	HYPE
Max drawdown (400d)	-3.8%	-18.9%
Risk-adjusted return (90d)	-0.13	0.58

Relative strength over 90 days: MRHB outperformed HYPE by 1.2% — measured on the MRHB/HYPE ratio, so it holds regardless of market direction.

MarhabaDeFi →Hyperliquid →