Twofold vs Hyperliquid

Hyperliquid (HYPE) is 757946.7× the size of Twofold (TWO) by market capitalisation. Over the past 30 days, HYPE is ahead by 78.3 percentage points (TWO -84.4% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 33 shared trading days). TWO has been the more volatile of the two, at 153% annualised against HYPE's 82%.

Correlation: -0.02
Size ratio: 1 : 757946.7
Ahead over 30 days: HYPE

TwofoldTWO

$2.669e-5

24h: +0.40%
Market cap: $26,686
Volume 24h: $4
Volatility (ann.): 153%

HyperliquidHYPE

$84.6100

24h: -1.47%
Market cap: $20.23B
Volume 24h: $1.27B
Volatility (ann.): 82%

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

Performance

TWOHYPE

7 days-0.04%+4.65%HYPE
30 days-84.35%-6.04%HYPE

Correlation

-0.02over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	TWO	HYPE
Max drawdown (400d)	-87.3%	-18.9%
Risk-adjusted return (90d)	-0.57	0.58

Relative strength over 90 days: HYPE outperformed TWO by 86.7% — measured on the TWO/HYPE ratio, so it holds regardless of market direction.

Twofold →Hyperliquid →