Solidly vs Hyperliquid

Hyperliquid (HYPE) is 392071.9× the size of Solidly (SOLID) by market capitalisation. Over the past 90 days, HYPE is ahead by 95.6 percentage points (SOLID -50.3% against HYPE +45.3%). Their daily returns move barely in opposite directions (correlation -0.22 across 28 shared trading days). SOLID has been the more volatile of the two, at 123% annualised against HYPE's 81%.

Correlation: -0.22
Size ratio: 1 : 392071.9
Ahead over 90 days: HYPE

SolidlySOLID

$0.003248

24h: +10.77%
Market cap: $47,576
Volume 24h: $71
Volatility (ann.): 123%

HyperliquidHYPE

$77.9300

24h: -7.55%
Market cap: $18.65B
Volume 24h: $1.31B
Volatility (ann.): 81%

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

Performance

SOLIDHYPE

7 days+0.62%+3.87%HYPE
30 days-26.33%-11.01%HYPE
90 days-50.30%+45.28%HYPE

Correlation

-0.22over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	SOLID	HYPE
Max drawdown (400d)	-84.3%	-18.9%
Risk-adjusted return (90d)	-0.49	0.56

Relative strength over 90 days: HYPE outperformed SOLID by 50.1% — measured on the SOLID/HYPE ratio, so it holds regardless of market direction.

Solidly →Hyperliquid →