XPR Network vs Hyperliquid

Hyperliquid (HYPE) is 379.1× the size of XPR Network (XPR) by market capitalisation. Over the past 30 days, HYPE is ahead by 19.7 percentage points (XPR -25.8% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.39 across 54 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against XPR's 60%.

Correlation: 0.39
Size ratio: 1 : 379.1
Ahead over 30 days: HYPE

XPR NetworkXPR

$0.001895

24h: +0.64%
Market cap: $54.29M
Volume 24h: $1.26M
Volatility (ann.): 60%

HyperliquidHYPE

$87.2600

24h: -0.73%
Market cap: $20.58B
Volume 24h: $1.32B
Volatility (ann.): 82%

XPR 0.3%Share of the two combined market caps99.7% HYPE

Performance

XPRHYPE

7 days+2.32%+4.65%HYPE
30 days-25.75%-6.04%HYPE

Correlation

0.39over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	XPR	HYPE
Max drawdown (400d)	-38.2%	-18.9%
Risk-adjusted return (90d)	-0.41	0.58

Relative strength over 90 days: HYPE outperformed XPR by 47.7% — measured on the XPR/HYPE ratio, so it holds regardless of market direction.

XPR Network →Hyperliquid →