Strike vs Hyperliquid

Hyperliquid (HYPE) is 3009.2× the size of Strike (STRIKE) by market capitalisation. Over the past 30 days, HYPE is ahead by 0.6 percentage points (STRIKE -6.6% against HYPE -6.0%). Their daily returns move very closely together (correlation 0.85 across 23 shared trading days). STRIKE has been the more volatile of the two, at 110% annualised against HYPE's 82%.

Correlation: 0.85
Size ratio: 1 : 3009.2
Ahead over 30 days: HYPE

StrikeSTRIKE

$0.379982

24h: -5.78%
Market cap: $6.84M
Volume 24h: $28,711
Volatility (ann.): 110%

HyperliquidHYPE

$87.2600

24h: -0.73%
Market cap: $20.58B
Volume 24h: $1.32B
Volatility (ann.): 82%

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

Performance

STRIKEHYPE

7 days-14.43%+4.65%HYPE
30 days-6.62%-6.04%HYPE

Correlation

0.85over 23 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	STRIKE	HYPE
Max drawdown (400d)	-23.9%	-18.9%
Risk-adjusted return (90d)	-0.06	0.58

Relative strength over 90 days: HYPE outperformed STRIKE by 11.6% — measured on the STRIKE/HYPE ratio, so it holds regardless of market direction.

Strike →Hyperliquid →