Nexora vs Hyperliquid

Hyperliquid (HYPE) is 6800.5× the size of Nexora (NEX) by market capitalisation. Over the past 30 days, HYPE is ahead by 28.0 percentage points (NEX -34.1% against HYPE -6.0%). Their daily returns move barely together (correlation 0.11 across 24 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: 0.11
Size ratio: 1 : 6800.5
Ahead over 30 days: HYPE

NexoraNEX

$0.052671

24h: +0.90%
Market cap: $2.95M
Volume 24h: $28,182
Volatility (ann.): 72%

HyperliquidHYPE

$83.9400

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

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

Performance

NEXHYPE

7 days-17.71%+4.65%HYPE
30 days-34.08%-6.04%HYPE

Correlation

0.11over 24 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	NEX	HYPE
Max drawdown (400d)	-35.1%	-18.9%
Risk-adjusted return (90d)	-0.48	0.58

Relative strength over 90 days: HYPE outperformed NEX by 35.7% — measured on the NEX/HYPE ratio, so it holds regardless of market direction.

Nexora →Hyperliquid →