Hyperliquid (HYPE) is 137727.4× the size of Sentre (SNTR) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 36 shared trading days). SNTR has been the more volatile of the two, at 190% annualised against HYPE's 81%.
SNTRHYPE
0.01over 36 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 | SNTR | HYPE |
|---|---|---|
| Max drawdown (400d) | -98.7% | -18.9% |
| Risk-adjusted return (90d) | -0.42 | 0.56 |
Relative strength over 90 days: HYPE outperformed SNTR by 48.4% — measured on the SNTR/HYPE ratio, so it holds regardless of market direction.