Owl1 vs Hyperliquid

Hyperliquid (HYPE) is 1693213.3× the size of Owl1 (OWL1) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 30 shared trading days). HYPE has been the more volatile of the two, at 81% annualised against OWL1's 53%.

Correlation: -0.13
Size ratio: 1 : 1693213.3

Owl1OWL1

$1.104e-5

24h: +5.32%
Market cap: $11,035
Volume 24h: $130
Volatility (ann.): 53%

HyperliquidHYPE

$77.9300

24h: -7.16%
Market cap: $18.68B
Volume 24h: $1.30B
Volatility (ann.): 81%

OWL1 0.0%Share of the two combined market caps100.0% HYPE

Performance

OWL1HYPE

7 days-0.46%+3.87%HYPE
30 days-18.50%-11.01%HYPE
90 days—+45.28%—

Correlation

-0.13over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	OWL1	HYPE
Max drawdown (400d)	-23.2%	-18.9%
Risk-adjusted return (90d)	-0.35	0.56

Relative strength over 90 days: HYPE outperformed OWL1 by 14.7% — measured on the OWL1/HYPE ratio, so it holds regardless of market direction.

Owl1 →Hyperliquid →