OLY vs Hyperliquid

Hyperliquid (HYPE) is 4385.5× the size of OLY (OLY) by market capitalisation. Over the past 30 days, OLY is ahead by 6.1 percentage points (OLY +0.1% against HYPE -6.0%). Their daily returns move barely together (correlation 0.15 across 34 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against OLY's 54%.

Correlation: 0.15
Size ratio: 1 : 4385.5
Ahead over 30 days: OLY

OLYOLY

$0.020393

24h: +2.66%
Market cap: $4.60M
Volume 24h: $2,028
Volatility (ann.): 54%

HyperliquidHYPE

$84.5400

24h: -1.17%
Market cap: $20.18B
Volume 24h: $1.42B
Volatility (ann.): 82%

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

Performance

OLYHYPE

7 days+2.54%+4.65%HYPE
30 days+0.09%-6.04%OLY

Correlation

0.15over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	OLY	HYPE
Max drawdown (400d)	-13.6%	-18.9%
Risk-adjusted return (90d)	-0.03	0.58

Relative strength over 90 days: OLY outperformed HYPE by 1.6% — measured on the OLY/HYPE ratio, so it holds regardless of market direction.

OLY →Hyperliquid →