Polly (POLL) and Hyperliquid (HYPE) compared side by side. Over the past 30 days, HYPE is ahead by 53.1 percentage points (POLL -64.4% against HYPE -11.3%). Their daily returns move barely in opposite directions (correlation -0.23 across 28 shared trading days). POLL has been the more volatile of the two, at 244% annualised against HYPE's 82%.
POLLHYPE
-0.23over 28 shared trading days
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.
| Metric | POLL | HYPE |
|---|---|---|
| Max drawdown (400d) | -65.0% | -18.9% |
| Risk-adjusted return (90d) | -0.26 | 0.50 |
Relative strength over 90 days: HYPE outperformed POLL by 60.2% — measured on the POLL/HYPE ratio, so it holds regardless of market direction.