Hyperliquid (HYPE) is 247917.1× the size of VOLT.WIN (VOLT) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 31 shared trading days). Both have run at a similar volatility, around 86% annualised.
VOLTHYPE
0.41over 31 shared trading days
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.
| Metric | VOLT | HYPE |
|---|---|---|
| Max drawdown (400d) | -24.0% | -18.9% |
| Risk-adjusted return (90d) | -0.20 | 0.56 |
Relative strength over 90 days: HYPE outperformed VOLT by 14.4% — measured on the VOLT/HYPE ratio, so it holds regardless of market direction.