Ramses vs Hyperliquid

Hyperliquid (HYPE) is 7135.7× the size of Ramses (RAM) by market capitalisation. Over the past 30 days, HYPE is ahead by 40.4 percentage points (RAM -46.5% against HYPE -6.0%). Their daily returns move barely together (correlation 0.04 across 32 shared trading days). RAM has been the more volatile of the two, at 11048% annualised against HYPE's 82%.

Correlation: 0.04
Size ratio: 1 : 7135.7
Ahead over 30 days: HYPE

RamsesRAM

$0.033499

24h: -3.60%
Market cap: $2.81M
Volume 24h: $1.14M
Volatility (ann.): 11048%

HyperliquidHYPE

$83.6500

24h: -2.36%
Market cap: $20.03B
Volume 24h: $1.44B
Volatility (ann.): 82%

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

Performance

RAMHYPE

7 days+5.88%+4.65%RAM
30 days-46.47%-6.04%HYPE

Correlation

0.04over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	RAM	HYPE
Max drawdown (400d)	-96.6%	-18.9%
Risk-adjusted return (90d)	0.00	0.58

Relative strength over 90 days: RAM outperformed HYPE by 28.2% — measured on the RAM/HYPE ratio, so it holds regardless of market direction.

Ramses →Hyperliquid →