Nexus Trading Labs vs Hyperliquid

Hyperliquid (HYPE) is 662034.4× the size of Nexus Trading Labs (NEXUS) by market capitalisation. Over the past 90 days, HYPE is ahead by 109.6 percentage points (NEXUS -64.3% against HYPE +45.3%). Their daily returns move loosely together (correlation 0.50 across 25 shared trading days). NEXUS has been the more volatile of the two, at 530% annualised against HYPE's 81%.

Correlation: 0.50
Size ratio: 1 : 662034.4
Ahead over 90 days: HYPE

Nexus Trading LabsNEXUS

$2.779e-7

24h: +5.07%
Market cap: $27,790
Volume 24h: $7
Volatility (ann.): 530%

HyperliquidHYPE

$77.0500

24h: -8.46%
Market cap: $18.40B
Volume 24h: $1.38B
Volatility (ann.): 81%

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

Performance

NEXUSHYPE

7 days-35.72%+3.87%HYPE
30 days-18.02%-11.01%HYPE
90 days-64.35%+45.28%HYPE

Correlation

0.50over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	NEXUS	HYPE
Max drawdown (400d)	-77.7%	-18.9%
Risk-adjusted return (90d)	-0.32	0.56

Relative strength over 90 days: HYPE outperformed NEXUS by 41.1% — measured on the NEXUS/HYPE ratio, so it holds regardless of market direction.

Nexus Trading Labs →Hyperliquid →