Pharaoh Liquid Staking Token vs Hyperliquid

Hyperliquid (HYPE) is 1610.0× the size of Pharaoh Liquid Staking Token (P33) by market capitalisation. Over the past 30 days, P33 is ahead by 17.6 percentage points (P33 +11.6% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.58 across 33 shared trading days). P33 has been the more volatile of the two, at 164% annualised against HYPE's 82%.

Correlation: 0.58
Size ratio: 1 : 1610.0
Ahead over 30 days: P33

Pharaoh Liquid Staking TokenP33

$0.081357

24h: -0.11%
Market cap: $12.62M
Volume 24h: $20,982
Volatility (ann.): 164%

HyperliquidHYPE

$84.4100

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

P33 0.1%Share of the two combined market caps99.9% HYPE

Performance

P33HYPE

7 days-1.50%+4.65%HYPE
30 days+11.58%-6.04%P33

Correlation

0.58over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 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	P33	HYPE
Max drawdown (400d)	-38.3%	-18.9%
Risk-adjusted return (90d)	0.19	0.58

Relative strength over 90 days: P33 outperformed HYPE by 27.8% — measured on the P33/HYPE ratio, so it holds regardless of market direction.

Pharaoh Liquid Staking Token →Hyperliquid →