o1.exchange vs Hyperliquid

Hyperliquid (HYPE) is 298.4× the size of o1.exchange (O) by market capitalisation. Over the past 30 days, HYPE is ahead by 19.3 percentage points (O -25.4% against HYPE -6.0%). Their daily returns move barely together (correlation 0.20 across 54 shared trading days). O has been the more volatile of the two, at 94% annualised against HYPE's 82%.

Correlation: 0.20
Size ratio: 1 : 298.4
Ahead over 30 days: HYPE

o1.exchangeO

$0.425471

24h: +5.92%
Market cap: $68.08M
Volume 24h: $1.75M
Volatility (ann.): 94%

HyperliquidHYPE

$84.4100

24h: +0.57%
Market cap: $20.31B
Volume 24h: $1.36B
Volatility (ann.): 82%

O 0.3%Share of the two combined market caps99.7% HYPE

Performance

OHYPE

7 days-7.38%+4.65%HYPE
30 days-25.38%-6.04%HYPE

Correlation

0.20over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	O	HYPE
Max drawdown (400d)	-29.9%	-18.9%
Risk-adjusted return (90d)	-0.17	0.58

Relative strength over 90 days: HYPE outperformed O by 41.7% — measured on the O/HYPE ratio, so it holds regardless of market direction.

o1.exchange →Hyperliquid →