xPACK vs Hyperliquid

Hyperliquid (HYPE) is 26186.6× the size of xPACK (XPACK) by market capitalisation. Over the past 30 days, XPACK is ahead by 65.6 percentage points (XPACK +59.6% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.38 across 21 shared trading days). XPACK has been the more volatile of the two, at 128% annualised against HYPE's 82%.

Correlation: 0.38
Size ratio: 1 : 26186.6
Ahead over 30 days: XPACK

xPACKXPACK

$0.005803

24h: -3.14%
Market cap: $785,517
Volume 24h: $30
Volatility (ann.): 128%

HyperliquidHYPE

$86.3200

24h: -1.76%
Market cap: $20.57B
Volume 24h: $1.32B
Volatility (ann.): 82%

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

Performance

XPACKHYPE

7 days+15.36%+4.65%XPACK
30 days+59.57%-6.04%XPACK

Correlation

0.38over 21 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	XPACK	HYPE
Max drawdown (400d)	-14.6%	-18.9%
Risk-adjusted return (90d)	0.47	0.58

Relative strength over 90 days: XPACK outperformed HYPE by 42.2% — measured on the XPACK/HYPE ratio, so it holds regardless of market direction.

xPACK →Hyperliquid →