THAT vs Hyperliquid

Hyperliquid (HYPE) is 5526.4× the size of THAT (THAT) by market capitalisation. Over the past 30 days, THAT is ahead by 4.3 percentage points (THAT -1.7% against HYPE -6.0%). Their daily returns move barely together (correlation 0.16 across 32 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against THAT's 56%.

Correlation: 0.16
Size ratio: 1 : 5526.4
Ahead over 30 days: THAT

THATTHAT

$0.002351

24h: -2.61%
Market cap: $3.72M
Volume 24h: $12,653
Volatility (ann.): 56%

HyperliquidHYPE

$86.3200

24h: -1.76%
Market cap: $20.57B
Volume 24h: $1.32B
Volatility (ann.): 82%

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

Performance

THATHYPE

7 days+5.93%+4.65%THAT
30 days-1.73%-6.04%THAT

Correlation

0.16over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	THAT	HYPE
Max drawdown (400d)	-10.8%	-18.9%
Risk-adjusted return (90d)	0.12	0.58

Relative strength over 90 days: THAT outperformed HYPE by 3.9% — measured on the THAT/HYPE ratio, so it holds regardless of market direction.

THAT →Hyperliquid →