NEST vs Hyperliquid

Hyperliquid (HYPE) is 3589.9× the size of NEST (NEST) by market capitalisation. Over the past 30 days, NEST is ahead by 24.4 percentage points (NEST +18.4% against HYPE -6.0%). Their daily returns move very closely together (correlation 0.86 across 23 shared trading days). NEST has been the more volatile of the two, at 285% annualised against HYPE's 82%.

Correlation: 0.86
Size ratio: 1 : 3589.9
Ahead over 30 days: NEST

NESTNEST

$0.019976

24h: +5.17%
Market cap: $5.76M
Volume 24h: $245,070
Volatility (ann.): 285%

HyperliquidHYPE

$86.1600

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

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

Performance

NESTHYPE

7 days-33.52%+4.65%HYPE
30 days+18.36%-6.04%NEST

Correlation

0.86over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NEST	HYPE
Max drawdown (400d)	-44.0%	-18.9%
Risk-adjusted return (90d)	0.06	0.58

Relative strength over 90 days: NEST outperformed HYPE by 13.7% — measured on the NEST/HYPE ratio, so it holds regardless of market direction.

NEST →Hyperliquid →