Stable vs Hyperliquid

Hyperliquid (HYPE) is 22296.3× the size of Stable (STABLE) by market capitalisation. Over the past 30 days, STABLE is ahead by 14.8 percentage points (STABLE +8.8% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.07 across 22 shared trading days). STABLE has been the more volatile of the two, at 251% annualised against HYPE's 82%.

Correlation: -0.07
Size ratio: 1 : 22296.3
Ahead over 30 days: STABLE

StableSTABLE

$0.899641

24h: +5.69%
Market cap: $899,641
Volume 24h: $20
Volatility (ann.): 251%

HyperliquidHYPE

$83.9400

24h: -1.98%
Market cap: $20.06B
Volume 24h: $1.46B
Volatility (ann.): 82%

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

Performance

STABLEHYPE

7 days+27.64%+4.65%STABLE
30 days+8.77%-6.04%STABLE

Correlation

-0.07over 22 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	STABLE	HYPE
Max drawdown (400d)	-25.0%	-18.9%
Risk-adjusted return (90d)	0.03	0.58

Relative strength over 90 days: STABLE outperformed HYPE by 5.7% — measured on the STABLE/HYPE ratio, so it holds regardless of market direction.

Stable →Hyperliquid →