Ripe DAO Governance Token vs Hyperliquid

Hyperliquid (HYPE) is 29173.4× the size of Ripe DAO Governance Token (RIPE) by market capitalisation. Over the past 30 days, HYPE is ahead by 56.6 percentage points (RIPE -62.6% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 31 shared trading days). RIPE has been the more volatile of the two, at 925% annualised against HYPE's 82%.

Correlation: -0.03
Size ratio: 1 : 29173.4
Ahead over 30 days: HYPE

Ripe DAO Governance TokenRIPE

$0.438279

24h: -0.92%
Market cap: $710,240
Volume 24h: $533
Volatility (ann.): 925%

HyperliquidHYPE

$86.8600

24h: +2.85%
Market cap: $20.72B
Volume 24h: $1.35B
Volatility (ann.): 82%

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

Performance

RIPEHYPE

7 days-0.43%+4.65%HYPE
30 days-62.60%-6.04%HYPE

Correlation

-0.03over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	RIPE	HYPE
Max drawdown (400d)	-93.7%	-18.9%
Risk-adjusted return (90d)	-0.08	0.58

Relative strength over 90 days: HYPE outperformed RIPE by 74.0% — measured on the RIPE/HYPE ratio, so it holds regardless of market direction.

Ripe DAO Governance Token →Hyperliquid →