Million vs Hyperliquid

Hyperliquid (HYPE) is 21079.4× the size of Million (MM) by market capitalisation. Over the past 30 days, MM is ahead by 7.2 percentage points (MM +1.2% against HYPE -6.0%). Their daily returns move barely together (correlation 0.25 across 31 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against MM's 24%.

Correlation: 0.25
Size ratio: 1 : 21079.4
Ahead over 30 days: MM

MillionMM

$0.986474

24h: +0.76%
Market cap: $986,474
Volume 24h: $44
Volatility (ann.): 24%

HyperliquidHYPE

$86.9900

24h: +3.13%
Market cap: $20.79B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

MMHYPE

7 days-0.34%+4.65%HYPE
30 days+1.19%-6.04%MM

Correlation

0.25over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	MM	HYPE
Max drawdown (400d)	-3.0%	-18.9%
Risk-adjusted return (90d)	0.02	0.58

Relative strength over 90 days: HYPE outperformed MM by 1.1% — measured on the MM/HYPE ratio, so it holds regardless of market direction.

Million →Hyperliquid →