Orbs vs Hyperliquid

Hyperliquid (HYPE) is 654.2× the size of Orbs (ORBS) by market capitalisation. Over the past 30 days, ORBS is ahead by 3.1 percentage points (ORBS -2.9% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.48 across 44 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against ORBS's 53%.

Correlation: 0.48
Size ratio: 1 : 654.2
Ahead over 30 days: ORBS

OrbsORBS

$0.006288

24h: +1.60%
Market cap: $31.44M
Volume 24h: $1.14M
Volatility (ann.): 53%

HyperliquidHYPE

$86.3200

24h: -1.76%
Market cap: $20.57B
Volume 24h: $1.32B
Volatility (ann.): 82%

ORBS 0.2%Share of the two combined market caps99.8% HYPE

Performance

ORBSHYPE

7 days-6.91%+4.65%HYPE
30 days-2.90%-6.04%ORBS

Correlation

0.48over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 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	ORBS	HYPE
Max drawdown (400d)	-17.8%	-18.9%
Risk-adjusted return (90d)	0.09	0.58

Relative strength over 90 days: HYPE outperformed ORBS by 0.3% — measured on the ORBS/HYPE ratio, so it holds regardless of market direction.

Orbs →Hyperliquid →