UTYABSWAP vs Hyperliquid

Hyperliquid (HYPE) is 804105.6× the size of UTYABSWAP (UTYAB) by market capitalisation. Over the past 90 days, HYPE is ahead by 65.3 percentage points (UTYAB -20.1% against HYPE +45.3%). Their daily returns move barely in opposite directions (correlation -0.03 across 35 shared trading days). UTYAB has been the more volatile of the two, at 254% annualised against HYPE's 81%.

Correlation: -0.03
Size ratio: 1 : 804105.6
Ahead over 90 days: HYPE

UTYABSWAPUTYAB

$2.288e-5

24h: +0.13%
Market cap: $22,880
Volume 24h: $30
Volatility (ann.): 254%

HyperliquidHYPE

$76.8500

24h: -8.46%
Market cap: $18.40B
Volume 24h: $1.38B
Volatility (ann.): 81%

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

Performance

UTYABHYPE

7 days-17.29%+3.87%HYPE
30 days-26.84%-11.01%HYPE
90 days-20.07%+45.28%HYPE

Correlation

-0.03over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	UTYAB	HYPE
Max drawdown (400d)	-69.6%	-18.9%
Risk-adjusted return (90d)	-0.13	0.56

Relative strength over 90 days: HYPE outperformed UTYAB by 51.8% — measured on the UTYAB/HYPE ratio, so it holds regardless of market direction.

UTYABSWAP →Hyperliquid →