Hyperlane (HYPER) is 47.5× the size of Sentio Token (ST) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 38 shared trading days). HYPER has been the more volatile of the two, at 113% annualised against ST's 63%.
STHYPER
0.11over 38 shared trading days
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.
| Metric | ST | HYPER |
|---|---|---|
| Max drawdown (400d) | -29.6% | -80.8% |
| Risk-adjusted return (90d) | -0.40 | -0.04 |
| Best 30 days (past year) | — | +84.1% |
| Worst 30 days (past year) | — | -42.2% |
Relative strength over 90 days: HYPER outperformed ST by 18.6% — measured on the ST/HYPER ratio, so it holds regardless of market direction.