Edge & Hedge

C

Hyperliquid Trading Vault · 300 days old · 100 followers

Risk Score

48/100

Strategy

Neutral

APR

-3.5%

TVL

$539,624.911

Leader Equity

80.9%

Return

+2.3%

Max Drawdown

-23.8%

Sharpe Ratio

0.67

30d vol: 98.1%

Account Exposure

2.9x

notional / equity

Max Position Leverage

20x

Why This Grade?

A single position uses 20x leverage, which could cascade into a liquidation.

Position Risk(avg across 42 tokens)32 pts
Leverage Penalty(2.9x acct)+6 pts
Max Position Leverage(20x)+10 pts
Total Score48/100 C
How we score vaults →

Performance (TWR)

+2.3%

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

Symphony0.33
Growi HF0.23
Equinox Blackalgo0.23

Least Correlated

reverse mid curver-0.42
+convexity-0.36
Bitcoin Moving Average Long/Short-0.35

Low/negative correlation = good for diversification

Position Breakdown

SideTokenWeightGrade
SHORTZEC5.4%B-
LONGWLFI4.6%—
SHORTETH3.9%A-
SHORTUNI3.7%B
SHORTDOT3.4%B
+ 49 more positions
SHORTCRV3.4%B-
LONGJUP3.3%C+
SHORTHYPE3.2%C-
SHORTXMR3.0%C+
LONGCC2.9%—
LONGBCH2.9%B
SHORTVVV2.8%—
LONGPYTH2.8%B
LONGPOL2.8%B-
SHORTARB2.7%B
LONGkBONK2.7%—
LONGSPX2.6%—
SHORTXLM2.6%B+
SHORTFIL2.6%B
LONGLDO2.4%B
LONGMORPHO2.4%B-
LONGTRUMP2.1%—
LONGWLD2.1%C
SHORTENA1.9%C
LONGPUMP1.9%C+
SHORTADA1.9%B-
LONGLINK1.8%B
LONGZRO1.7%C
LONGICP1.6%B-
LONGWIF1.6%—
SHORTDOGE1.5%B+
LONGTIA1.5%B
SHORTHBAR1.4%C+
SHORTNEAR1.4%B-
SHORTPENGU1.3%—
SHORTBNB1.2%C+
LONGXRP1.1%B-
LONGLTC1.1%B-
SHORTAAVE1.0%C
LONGkSHIB0.9%—
LONGPENDLE0.9%B-
SHORTSEI0.9%B-
LONGAPT0.5%B-
SHORTSUI0.5%C
LONGkPEPE0.4%—
LONGBTC0.3%B
LONGFARTCOIN0.2%—
LONGSOL0.2%C+
LONGONDO0.2%C+
SHORTXPL0.2%—
SHORTOP0.2%C+
LONGTAO0.1%D+
SHORTAVAX0.1%B-
LONGVIRTUAL0.1%C-

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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