Prism Assets vs Hyperliquid

Hyperliquid (HYPE) is 20254.8× the size of Prism Assets (PRISM) by market capitalisation. Over the past 30 days, HYPE is ahead by 56.1 percentage points (PRISM -62.1% against HYPE -6.0%). Their daily returns move closely together (correlation 0.71 across 32 shared trading days). PRISM has been the more volatile of the two, at 790% annualised against HYPE's 82%.

Correlation: 0.71
Size ratio: 1 : 20254.8
Ahead over 30 days: HYPE

Prism AssetsPRISM

$0.001021

24h: -5.32%
Market cap: $1.02M
Volume 24h: $13,658
Volatility (ann.): 790%

HyperliquidHYPE

$86.5900

24h: +2.74%
Market cap: $20.69B
Volume 24h: $1.36B
Volatility (ann.): 82%

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

Performance

PRISMHYPE

7 days-24.48%+4.65%HYPE
30 days-62.14%-6.04%HYPE

Correlation

0.71over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7290d: 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	PRISM	HYPE
Max drawdown (400d)	-95.1%	-18.9%
Risk-adjusted return (90d)	-0.11	0.58

Relative strength over 90 days: HYPE outperformed PRISM by 83.7% — measured on the PRISM/HYPE ratio, so it holds regardless of market direction.

Prism Assets →Hyperliquid →