RealLink vs Hyperliquid

Hyperliquid (HYPE) is 468.9× the size of RealLink (REAL) by market capitalisation. Over the past 30 days, HYPE is ahead by 77.0 percentage points (REAL -83.0% against HYPE -6.0%). Their daily returns move barely together (correlation 0.01 across 45 shared trading days). REAL has been the more volatile of the two, at 271% annualised against HYPE's 82%.

Correlation: 0.01
Size ratio: 1 : 468.9
Ahead over 30 days: HYPE

RealLinkREAL

$0.012558

24h: +5.93%
Market cap: $43.32M
Volume 24h: $92,574
Volatility (ann.): 271%

HyperliquidHYPE

$84.4100

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

REAL 0.2%Share of the two combined market caps99.8% HYPE

Performance

REALHYPE

7 days+11.97%+4.65%REAL
30 days-83.01%-6.04%HYPE

Correlation

0.01over 45 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	REAL	HYPE
Max drawdown (400d)	-90.0%	-18.9%
Risk-adjusted return (90d)	-0.31	0.58

Relative strength over 90 days: HYPE outperformed REAL by 88.8% — measured on the REAL/HYPE ratio, so it holds regardless of market direction.

RealLink →Hyperliquid →