Quickswap [OLD] vs Hyperliquid

Quickswap [OLD] (QUICK) and Hyperliquid (HYPE) compared side by side. Their daily returns move loosely in opposite directions (correlation -0.36 across 26 shared trading days). HYPE has been the more volatile of the two, at 81% annualised against QUICK's 64%.

Correlation: -0.36

Quickswap [OLD]QUICK

$11.4900

24h: +6.19%
Market cap: —
Volume 24h: $5,123
Volatility (ann.): 64%

HyperliquidHYPE

$77.5200

24h: -6.52%
Market cap: $18.66B
Volume 24h: $1.36B
Volatility (ann.): 81%

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

Performance

QUICKHYPE

7 days+1.86%+3.87%HYPE
30 days-18.20%-11.01%HYPE
90 days—+45.28%—

Correlation

-0.36over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3690d: 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	QUICK	HYPE
Max drawdown (400d)	-21.9%	-18.9%
Risk-adjusted return (90d)	-0.29	0.56

Relative strength over 90 days: HYPE outperformed QUICK by 15.7% — measured on the QUICK/HYPE ratio, so it holds regardless of market direction.

Quickswap [OLD] →Hyperliquid →