Vision vs Hyperliquid

Hyperliquid (HYPE) is 152.1× the size of Vision (VSN) by market capitalisation. Over the past 30 days, HYPE is ahead by 8.5 percentage points (VSN -14.5% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.43 across 56 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against VSN's 40%.

Correlation: 0.43
Size ratio: 1 : 152.1
Ahead over 30 days: HYPE

VisionVSN

$0.035567

24h: +0.82%
Market cap: $136.26M
Volume 24h: $2.89M
Volatility (ann.): 40%

HyperliquidHYPE

$86.7800

24h: +2.85%
Market cap: $20.72B
Volume 24h: $1.35B
Volatility (ann.): 82%

VSN 0.7%Share of the two combined market caps99.3% HYPE

Performance

VSNHYPE

7 days-8.45%+4.65%HYPE
30 days-14.54%-6.04%HYPE

Correlation

0.43over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 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	VSN	HYPE
Max drawdown (400d)	-21.2%	-18.9%
Risk-adjusted return (90d)	-0.03	0.58

Relative strength over 90 days: HYPE outperformed VSN by 31.5% — measured on the VSN/HYPE ratio, so it holds regardless of market direction.

Vision →Hyperliquid →