mStable Governance: Meta vs Hyperliquid

Hyperliquid (HYPE) is 11586.3× the size of mStable Governance: Meta (MTA) by market capitalisation. Over the past 30 days, MTA is ahead by 6.7 percentage points (MTA +0.7% against HYPE -6.0%). Their daily returns move barely together (correlation 0.20 across 32 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against MTA's 64%.

Correlation: 0.20
Size ratio: 1 : 11586.3
Ahead over 30 days: MTA

mStable Governance: MetaMTA

$0.031417

24h: +1.18%
Market cap: $1.74M
Volume 24h: $54
Volatility (ann.): 64%

HyperliquidHYPE

$84.4600

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

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

Performance

MTAHYPE

7 days-3.03%+4.65%HYPE
30 days+0.69%-6.04%MTA

Correlation

0.20over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	MTA	HYPE
Max drawdown (400d)	-8.4%	-18.9%
Risk-adjusted return (90d)	0.05	0.58

Relative strength over 90 days: MTA outperformed HYPE by 0.5% — measured on the MTA/HYPE ratio, so it holds regardless of market direction.

mStable Governance: Meta →Hyperliquid →