Edge & Hedge

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Hyperliquid Trading Vault · 168 days old · 100 followers

Risk Score

51/100

Strategy

Neutral

APR

276.4%

TVL

$978,931.328

Leader Equity

61.8%

Return

+17.4%

Max Drawdown

-23.8%

Sharpe Ratio

2.12

30d vol: 89.8%

Account Exposure

2.7x

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 43 tokens)36 pts
Leverage Penalty(2.7x acct)+5 pts
Max Position Leverage(20x)+10 pts
Total Score51/100 C-
How we score vaults →

Performance (TWR)

+17.4%

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

Equinox Blackalgo0.73
Hyperliquidity Trader (HLT)0.53
AceVault Hyper010.45

Least Correlated

Ultron-0.41
Elsewhere-0.38
Black Ops-0.34

Low/negative correlation = good for diversification

Position Breakdown

SideTokenWeightGrade
LONGNEAR6.9%B-
LONGHYPE6.0%C-
LONGWLD5.9%C+
LONGCC5.5%—
SHORTLTC4.1%B-
+ 50 more positions
LONGMORPHO3.7%B-
SHORTCRV3.6%B
SHORTADA3.4%B-
SHORTXRP3.3%B-
SHORTSOL3.2%C+
LONGTRUMP3.0%—
LONGZRO2.9%C+
SHORTkSHIB2.8%—
SHORTBCH2.6%B
SHORTUNI2.5%B+
SHORTETH2.1%B+
SHORTLINK2.0%B-
SHORTBTC1.9%B
SHORTPYTH1.8%B
SHORTHBAR1.7%C+
SHORTSUI1.6%C+
LONGXLM1.6%B
LONGTIA1.5%B-
SHORTARB1.5%B
SHORTDOGE1.4%B
SHORTPENGU1.4%—
SHORTENA1.4%C
LONGAPT1.4%B
LONGXPL1.3%—
LONGSEI1.3%C+
LONGWLFI1.3%—
SHORTAVAX1.2%B-
LONGTAO1.2%C-
SHORTJUP1.1%C+
SHORTFARTCOIN1.1%—
SHORTZEC1.0%B-
LONGVIRTUAL0.9%C
SHORTSPX0.9%—
LONGDOT0.9%B
SHORTkBONK0.8%—
LONGFIL0.8%B-
SHORTTON0.7%C+
LONGPOL0.7%B-
SHORTkPEPE0.7%—
LONGLDO0.6%B
SHORTPENDLE0.6%B-
SHORTBNB0.5%C+
LONGWIF0.4%—
LONGICP0.3%B-
LONGVVV0.3%—
LONGPUMP0.3%C+
SHORTOP0.2%C+
LONGONDO0.2%C+
SHORTAAVE0.1%C-
LONGXMR0.0%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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