SailOut Royalty vs Hyperliquid

Hyperliquid (HYPE) is 994.1× the size of SailOut Royalty (SAIL.R) by market capitalisation. Over the past 30 days, SAIL.R is ahead by 7.1 percentage points (SAIL.R +1.1% against HYPE -6.0%). Their daily returns move barely together (correlation 0.16 across 21 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against SAIL.R's 8%.

Correlation: 0.16
Size ratio: 1 : 994.1
Ahead over 30 days: SAIL.R

SailOut RoyaltySAIL.R

$13.8000

24h: +0.14%
Market cap: $20.69M
Volume 24h: $498
Volatility (ann.): 8%

HyperliquidHYPE

$86.4600

24h: -1.76%
Market cap: $20.57B
Volume 24h: $1.32B
Volatility (ann.): 82%

SAIL.R 0.1%Share of the two combined market caps99.9% HYPE

Performance

SAIL.RHYPE

7 days+0.75%+4.65%HYPE
30 days+1.10%-6.04%SAIL.R

Correlation

0.16over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SAIL.R	HYPE
Max drawdown (400d)	-0.7%	-18.9%
Risk-adjusted return (90d)	0.13	0.58

Relative strength over 90 days: HYPE outperformed SAIL.R by 4.3% — measured on the SAIL.R/HYPE ratio, so it holds regardless of market direction.

SailOut Royalty →Hyperliquid →