Tethereum vs Hyperliquid

Hyperliquid (HYPE) is 3455.1× the size of Tethereum (T99) by market capitalisation. Over the past 30 days, T99 is ahead by 7.1 percentage points (T99 +1.0% against HYPE -6.0%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against T99's 7%.

Correlation: 0.03
Size ratio: 1 : 3455.1
Ahead over 30 days: T99

TethereumT99

$0.302004

24h: +0.04%
Market cap: $6.08M
Volume 24h: $27,295
Volatility (ann.): 7%

HyperliquidHYPE

$87.9700

24h: +1.40%
Market cap: $21.00B
Volume 24h: $1.35B
Volatility (ann.): 82%

T99 0.0%Share of the two combined market caps100.0% HYPE

Performance

T99HYPE

7 days+0.59%+4.65%HYPE
30 days+1.02%-6.04%T99

Correlation

0.03over 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	T99	HYPE
Max drawdown (400d)	-0.8%	-18.9%
Risk-adjusted return (90d)	0.15	0.58

Relative strength over 90 days: HYPE outperformed T99 by 4.3% — measured on the T99/HYPE ratio, so it holds regardless of market direction.

Tethereum →Hyperliquid →