TurboLoop Token vs Hyperliquid

Hyperliquid (HYPE) is 63362.4× the size of TurboLoop Token (TURBO) by market capitalisation. Over the past 30 days, HYPE is ahead by 37.8 percentage points (TURBO -43.8% against HYPE -6.0%). Their daily returns move barely together (correlation 0.11 across 30 shared trading days). TURBO has been the more volatile of the two, at 157% annualised against HYPE's 82%.

Correlation: 0.11
Size ratio: 1 : 63362.4
Ahead over 30 days: HYPE

TurboLoop TokenTURBO

$0.314259

24h: -6.70%
Market cap: $320,586
Volume 24h: $7,003
Volatility (ann.): 157%

HyperliquidHYPE

$84.4100

24h: +0.57%
Market cap: $20.31B
Volume 24h: $1.36B
Volatility (ann.): 82%

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

Performance

TURBOHYPE

7 days-40.17%+4.65%HYPE
30 days-43.82%-6.04%HYPE

Correlation

0.11over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	TURBO	HYPE
Max drawdown (400d)	-49.7%	-18.9%
Risk-adjusted return (90d)	-0.28	0.58

Relative strength over 90 days: HYPE outperformed TURBO by 45.8% — measured on the TURBO/HYPE ratio, so it holds regardless of market direction.

TurboLoop Token →Hyperliquid →