Thetanuts Finance vs Hyperliquid

Hyperliquid (HYPE) is 6878.6× the size of Thetanuts Finance (NUTS) by market capitalisation. Over the past 30 days, NUTS is ahead by 1.3 percentage points (NUTS -4.8% against HYPE -6.0%). Their daily returns move barely together (correlation 0.30 across 32 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against NUTS's 24%.

Correlation: 0.30
Size ratio: 1 : 6878.6
Ahead over 30 days: NUTS

Thetanuts FinanceNUTS

$0.000967

24h: +0.69%
Market cap: $3.05M
Volume 24h: $19,809
Volatility (ann.): 24%

HyperliquidHYPE

$87.9700

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

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

Performance

NUTSHYPE

7 days+1.76%+4.65%HYPE
30 days-4.78%-6.04%NUTS

Correlation

0.30over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	NUTS	HYPE
Max drawdown (400d)	-10.9%	-18.9%
Risk-adjusted return (90d)	-0.34	0.58

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

Thetanuts Finance →Hyperliquid →