ODIN Tools vs Hyperliquid

Hyperliquid (HYPE) is 268152.4× the size of ODIN Tools (ODIN) by market capitalisation. Over the past 90 days, HYPE is ahead by 76.6 percentage points (ODIN -31.3% against HYPE +45.3%). Their daily returns move barely together (correlation 0.15 across 34 shared trading days). ODIN has been the more volatile of the two, at 164% annualised against HYPE's 81%.

Correlation: 0.15
Size ratio: 1 : 268152.4
Ahead over 90 days: HYPE

ODIN ToolsODIN

$0.000934

24h: —
Market cap: $69,562
Volume 24h: —
Volatility (ann.): 164%

HyperliquidHYPE

$77.7700

24h: -7.55%
Market cap: $18.65B
Volume 24h: $1.31B
Volatility (ann.): 81%

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

Performance

ODINHYPE

7 days-28.56%+3.87%HYPE
30 days-38.81%-11.01%HYPE
90 days-31.28%+45.28%HYPE

Correlation

0.15over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	ODIN	HYPE
Max drawdown (400d)	-77.2%	-18.9%
Risk-adjusted return (90d)	-0.15	0.56

Relative strength over 90 days: HYPE outperformed ODIN by 7.7% — measured on the ODIN/HYPE ratio, so it holds regardless of market direction.

ODIN Tools →Hyperliquid →