Spectra vs Hyperliquid

Hyperliquid (HYPE) is 8452.9× the size of Spectra (SPECTRA) by market capitalisation. Over the past 30 days, SPECTRA is ahead by 19.3 percentage points (SPECTRA +13.3% against HYPE -6.0%). Their daily returns move barely together (correlation 0.35 across 32 shared trading days). SPECTRA has been the more volatile of the two, at 204% annualised against HYPE's 82%.

Correlation: 0.35
Size ratio: 1 : 8452.9
Ahead over 30 days: SPECTRA

SpectraSPECTRA

$0.004933

24h: +4.68%
Market cap: $2.37M
Volume 24h: $1,221
Volatility (ann.): 204%

HyperliquidHYPE

$83.6500

24h: -2.36%
Market cap: $20.03B
Volume 24h: $1.44B
Volatility (ann.): 82%

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

Performance

SPECTRAHYPE

7 days+36.92%+4.65%SPECTRA
30 days+13.29%-6.04%SPECTRA

Correlation

0.35over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	SPECTRA	HYPE
Max drawdown (400d)	-50.8%	-18.9%
Risk-adjusted return (90d)	0.20	0.58

Relative strength over 90 days: SPECTRA outperformed HYPE by 36.7% — measured on the SPECTRA/HYPE ratio, so it holds regardless of market direction.

Spectra →Hyperliquid →