Yei Finance vs Hyperliquid

Hyperliquid (HYPE) is 1101.6× the size of Yei Finance (CLO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 36 shared trading days). CLO has been the more volatile of the two, at 228% annualised against HYPE's 82%.

Correlation: -0.22
Size ratio: 1 : 1101.6

Yei FinanceCLO

$0.049740

24h: -4.47%
Market cap: $18.76M
Volume 24h: $2.55M
Volatility (ann.): 228%

HyperliquidHYPE

$86.0600

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

CLO 0.1%Share of the two combined market caps99.9% HYPE

Performance

CLOHYPE

7 days-17.63%+4.65%HYPE
30 days-53.03%-6.04%HYPE
90 days-63.43%——

Correlation

-0.22over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	CLO	HYPE
Max drawdown (400d)	-79.5%	-18.9%
Risk-adjusted return (90d)	-0.29	0.58

Relative strength over 90 days: HYPE outperformed CLO by 67.3% — measured on the CLO/HYPE ratio, so it holds regardless of market direction.

Yei Finance →Hyperliquid →