xHYPE vs Nest BlackOpal LiquidStone II Vault

Nest BlackOpal LiquidStone II Vault (NOPAL) is 12.7× the size of xHYPE (XHYPE) by market capitalisation. Over the past 30 days, XHYPE is ahead by 0.1 percentage points (XHYPE +1.3% against NOPAL +1.3%). Their daily returns move barely together (correlation 0.15 across 34 shared trading days). XHYPE has been the more volatile of the two, at 8% annualised against NOPAL's 2%.

Correlation: 0.15
Size ratio: 1 : 12.7
Ahead over 30 days: XHYPE

xHYPEXHYPE

$1.0610

24h: +0.27%
Market cap: $9.11M
Volume 24h: $154
Volatility (ann.): 8%

Nest BlackOpal LiquidStone II VaultNOPAL

$1.1100

24h: +0.04%
Market cap: $116.13M
Volume 24h: —
Volatility (ann.): 2%

XHYPE 7.3%Share of the two combined market caps92.7% NOPAL

Performance

XHYPENOPAL

7 days+0.47%+0.00%XHYPE
30 days+1.33%+1.28%XHYPE

Correlation

0.15over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	XHYPE	NOPAL
Max drawdown (400d)	-2.0%	0.0%
Risk-adjusted return (90d)	0.16	0.82

Relative strength over 90 days: NOPAL outperformed XHYPE by 0.4% — measured on the XHYPE/NOPAL ratio, so it holds regardless of market direction.

xHYPE →Nest BlackOpal LiquidStone II Vault →