xFUND vs Hyperliquid

Hyperliquid (HYPE) is 22996.6× the size of xFUND (XFUND) by market capitalisation. Over the past 30 days, XFUND is ahead by 9.6 percentage points (XFUND +3.6% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.40 across 23 shared trading days). XFUND has been the more volatile of the two, at 96% annualised against HYPE's 82%.

Correlation: 0.40
Size ratio: 1 : 22996.6
Ahead over 30 days: XFUND

xFUNDXFUND

$87.3600

24h: +0.01%
Market cap: $871,081
Volume 24h: $9
Volatility (ann.): 96%

HyperliquidHYPE

$83.6500

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

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

Performance

XFUNDHYPE

7 days-3.67%+4.65%HYPE
30 days+3.58%-6.04%XFUND

Correlation

0.40over 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	XFUND	HYPE
Max drawdown (400d)	-14.0%	-18.9%
Risk-adjusted return (90d)	0.04	0.58

Relative strength over 90 days: HYPE outperformed XFUND by 4.8% — measured on the XFUND/HYPE ratio, so it holds regardless of market direction.

xFUND →Hyperliquid →