SONE vs Hyperliquid

Hyperliquid (HYPE) is 42200.0× the size of SONE (SONE) by market capitalisation. Over the past 30 days, SONE is ahead by 5.3 percentage points (SONE -0.8% against HYPE -6.0%). Their daily returns move loosely in opposite directions (correlation -0.36 across 22 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against SONE's 12%.

Correlation: -0.36
Size ratio: 1 : 42200.0
Ahead over 30 days: SONE

SONESONE

$0.998219

24h: -0.53%
Market cap: $479,382
Volume 24h: $1
Volatility (ann.): 12%

HyperliquidHYPE

$84.5400

24h: -0.40%
Market cap: $20.23B
Volume 24h: $1.37B
Volatility (ann.): 82%

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

Performance

SONEHYPE

7 days+0.01%+4.65%HYPE
30 days-0.77%-6.04%SONE

Correlation

-0.36over 22 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	SONE	HYPE
Max drawdown (400d)	-3.0%	-18.9%
Risk-adjusted return (90d)	-0.06	0.58

Relative strength over 90 days: HYPE outperformed SONE by 0.8% — measured on the SONE/HYPE ratio, so it holds regardless of market direction.

SONE →Hyperliquid →