Edge & Hedge

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Hyperliquid Trading Vault · 196 days old · 100 followers

Risk Score

53/100

Strategy

Neutral

APR

-12.3%

TVL

$772,216.646

Leader Equity

69.7%

Return

+3.5%

Max Drawdown

-23.8%

Sharpe Ratio

0.80

30d vol: 90.2%

Account Exposure

3.1x

notional / equity

Max Position Leverage

20x

Why This Grade?

This vault uses 3.1x effective leverage (32.4% wipeout threshold). A single position uses 20x leverage, which could cascade into a liquidation.

Position Risk(avg across 42 tokens)36 pts
Leverage Penalty(3.1x acct)+7 pts
Max Position Leverage(20x)+10 pts
Total Score53/100 C-
How we score vaults →

Performance (TWR)

+3.5%

Strategy

Running quantitative delta neutral long, short strategy with a leverage of around 3x. Backtest Results (Oct 2022 - Now): CAGR ~ 110% | Sharpe ~ 2 | Max Drawdown ~ 25%. Follow on Twitter for regular updates - https://x.com/blothecap

Correlated Vaults

Most Correlated

pmalt0.26
Long LINK Short XRP0.25
Orbit Value Strategies0.24

Least Correlated

Symphony-0.38
+convexity-0.30
reverse mid curver-0.25

Low/negative correlation = good for diversification

Position Breakdown

SideTokenWeightGrade
SHORTONDO7.3%C+
LONGBTC4.7%B
SHORTBNB4.5%C+
LONGWLFI4.3%—
LONGPOL3.9%B-
+ 49 more positions
SHORTDOGE3.7%B
SHORTHYPE3.7%D+
LONGJUP3.5%C+
SHORTVVV3.4%—
LONGAAVE3.3%C-
SHORTCRV3.2%B
LONGSPX2.9%—
LONGCC2.7%—
SHORTNEAR2.5%B-
LONGZRO2.3%C-
LONGMORPHO2.3%B-
LONGAPT2.2%B
SHORTXLM2.1%B
SHORTADA2.1%B-
LONGSEI2.0%C+
LONGLDO2.0%B
LONGHBAR2.0%C+
LONGLTC1.9%B-
SHORTDOT1.8%B
SHORTPENGU1.7%—
LONGSOL1.7%C+
SHORTkSHIB1.6%—
SHORTZEC1.6%B-
SHORTICP1.5%B-
LONGPYTH1.4%B
SHORTTAO1.3%C-
LONGXPL1.3%—
SHORTETH1.1%A-
LONGFARTCOIN1.1%—
LONGPENDLE1.0%B-
LONGUNI0.9%B+
SHORTAVAX0.8%B-
LONGXMR0.8%C+
LONGTIA0.8%B-
SHORTXRP0.8%B-
LONGENA0.8%C
SHORTWLD0.7%C
SHORTVIRTUAL0.7%C
SHORTSUI0.7%C
LONGOP0.7%C+
SHORTLINK0.6%B
LONGkBONK0.6%—
LONGTRUMP0.5%—
LONGBCH0.3%B
LONGFIL0.3%B-
LONGPUMP0.3%C+
LONGARB0.1%B
LONGWIF0.1%—
SHORTkPEPE0.0%—

Unrated tokens: kPEPE, kSHIB, kBONK, WIF, PENGU, FARTCOIN, SPX, TRUMP, VVV, XPL, WLFI, CC. These positions don't contribute to the risk score.

Vault risk = position-weighted average of token risk scores. Short positions use inverted scores (shorting risky tokens reduces risk).

Platform Risk: Hyperliquid

All vaults on Hyperliquid share the platform's counterparty, bridge, and L1 risk.

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