sudoswap vs Hyperliquid

Hyperliquid (HYPE) is 23319.9× the size of sudoswap (SUDO) by market capitalisation. Over the past 30 days, HYPE is ahead by 2.5 percentage points (SUDO -8.5% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.57 across 26 shared trading days). Both have run at a similar volatility, around 76% annualised.

Correlation: 0.57
Size ratio: 1 : 23319.9
Ahead over 30 days: HYPE

sudoswapSUDO

$0.034735

24h: —
Market cap: $888,515
Volume 24h: $320
Volatility (ann.): 71%

HyperliquidHYPE

$86.7800

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

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

Performance

SUDOHYPE

7 days-4.19%+4.65%HYPE
30 days-8.55%-6.04%HYPE

Correlation

0.57over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	SUDO	HYPE
Max drawdown (400d)	-20.1%	-18.9%
Risk-adjusted return (90d)	-0.13	0.58

Relative strength over 90 days: HYPE outperformed SUDO by 10.7% — measured on the SUDO/HYPE ratio, so it holds regardless of market direction.

sudoswap →Hyperliquid →