Wagmi vs Hyperliquid

Hyperliquid (HYPE) is 27165.2× the size of Wagmi (WAGMI) by market capitalisation. Over the past 30 days, WAGMI is ahead by 23.8 percentage points (WAGMI +17.8% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.08 across 23 shared trading days). WAGMI has been the more volatile of the two, at 97% annualised against HYPE's 82%.

Correlation: -0.08
Size ratio: 1 : 27165.2
Ahead over 30 days: WAGMI

WagmiWAGMI

$0.000397

24h: -0.02%
Market cap: $737,409
Volume 24h: $78
Volatility (ann.): 97%

HyperliquidHYPE

$83.6500

24h: -2.36%
Market cap: $20.03B
Volume 24h: $1.44B
Volatility (ann.): 82%

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

Performance

WAGMIHYPE

7 days-2.24%+4.65%HYPE
30 days+17.76%-6.04%WAGMI

Correlation

-0.08over 23 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	WAGMI	HYPE
Max drawdown (400d)	-15.6%	-18.9%
Risk-adjusted return (90d)	0.18	0.58

Relative strength over 90 days: WAGMI outperformed HYPE by 8.3% — measured on the WAGMI/HYPE ratio, so it holds regardless of market direction.

Wagmi →Hyperliquid →