Weft Finance (WEFT) and Hyperliquid (HYPE) compared side by side. Over the past 30 days, WEFT is ahead by 11.4 percentage points (WEFT +5.3% against HYPE -6.0%). Their daily returns move loosely in opposite directions (correlation -0.36 across 25 shared trading days). WEFT has been the more volatile of the two, at 414% annualised against HYPE's 82%.
WEFTHYPE
-0.36over 25 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 | WEFT | HYPE |
|---|---|---|
| Max drawdown (400d) | -53.2% | -18.9% |
| Risk-adjusted return (90d) | 0.01 | 0.58 |
Relative strength over 90 days: WEFT outperformed HYPE by 48.2% — measured on the WEFT/HYPE ratio, so it holds regardless of market direction.