Hyperliquid (HYPE) is 39438.8× the size of XPowermine.com APOW (APOW) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 29 shared trading days). APOW has been the more volatile of the two, at 360% annualised against HYPE's 82%.
APOWHYPE
0.38over 29 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 | APOW | HYPE |
|---|---|---|
| Max drawdown (400d) | -99.4% | -18.9% |
| Risk-adjusted return (90d) | -0.27 | 0.58 |
Relative strength over 90 days: HYPE outperformed APOW by 99.5% — measured on the APOW/HYPE ratio, so it holds regardless of market direction.