Storm Trade vs Hyperliquid

Hyperliquid (HYPE) is 22135.3× the size of Storm Trade (STORM) by market capitalisation. Over the past 30 days, HYPE is ahead by 24.0 percentage points (STORM -30.1% against HYPE -6.0%). Their daily returns move barely together (correlation 0.18 across 31 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against STORM's 55%.

Correlation: 0.18
Size ratio: 1 : 22135.3
Ahead over 30 days: HYPE

Storm TradeSTORM

$0.002519

24h: -1.83%
Market cap: $936,067
Volume 24h: $175,800
Volatility (ann.): 55%

HyperliquidHYPE

$86.7800

24h: +2.85%
Market cap: $20.72B
Volume 24h: $1.35B
Volatility (ann.): 82%

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

Performance

STORMHYPE

7 days-1.85%+4.65%HYPE
30 days-30.06%-6.04%HYPE

Correlation

0.18over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	STORM	HYPE
Max drawdown (400d)	-31.4%	-18.9%
Risk-adjusted return (90d)	-0.55	0.58

Relative strength over 90 days: HYPE outperformed STORM by 27.9% — measured on the STORM/HYPE ratio, so it holds regardless of market direction.

Storm Trade →Hyperliquid →