SAFIX vs Hyperliquid

Hyperliquid (HYPE) is 4822491.5× the size of SAFIX (SFX) by market capitalisation. Over the past 30 days, HYPE is ahead by 25.8 percentage points (SFX -37.1% against HYPE -11.3%). Their daily returns move barely in opposite directions (correlation -0.01 across 27 shared trading days). SFX has been the more volatile of the two, at 285% annualised against HYPE's 82%.

Correlation: -0.01
Size ratio: 1 : 4822491.5
Ahead over 30 days: HYPE

SAFIXSFX

$4.330e-6

24h: -2.76%
Market cap: $3,981
Volume 24h: $51
Volatility (ann.): 285%

HyperliquidHYPE

$79.9000

24h: +1.35%
Market cap: $19.20B
Volume 24h: $753.96M
Volatility (ann.): 82%

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

Performance

SFXHYPE

7 days+6.18%+1.09%SFX
30 days-37.15%-11.35%HYPE

Correlation

-0.01over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	SFX	HYPE
Max drawdown (400d)	-69.8%	-18.9%
Risk-adjusted return (90d)	-0.13	0.50

Relative strength over 90 days: HYPE outperformed SFX by 29.7% — measured on the SFX/HYPE ratio, so it holds regardless of market direction.

SAFIX →Hyperliquid →