Methodology
Every score on this site is published in full. Nothing here is a prediction, and no ranking position is ever for sale.
Qualified Vault Universe
Public rankings and the default screener only contain qualified vaults. A vault qualifies when it is active, at least 30 days old, holds at least $10,000 of TVL, has enough observations to calculate risk statistics, and shows no obvious broken data. Everything else is flagged as insufficient_history, low_tvl, inactive or data_quality_issue. These thresholds are configurable and will be tightened as our historical record deepens.
HV Score (0–100)
HV Score summarizes historical performance, risk, consistency, manager alignment and data confidence. It is not a prediction of future returns. Components: Performance 25%, Risk 25% (inverted — lower risk scores higher), Consistency 20%, Manager Alignment 10%, Liquidity / Capacity 10%, Confidence 10%. Every component is stored separately so the methodology can evolve without rewriting history.
Performance Score
Weighted across 30D (15%), 90D (30%), 180D (30%) and annualized / inception-normalized return (25%). Short windows are deliberately under-weighted. Returns are time-weighted: deposits and withdrawals move vault equity but not cumulative PnL, so capital flows cannot inflate measured performance. When history is missing, weights are redistributed and the Confidence Score falls.
Risk Score (0–100, higher = riskier)
Built from annualized volatility, maximum drawdown, current drawdown, worst day and worst week. Labels: 0–20 Low, 21–40 Moderate, 41–60 Elevated, 61–80 High, 81–100 Extreme. Leverage, position concentration and directional exposure are being added as our position snapshot history accumulates.
Confidence Score
Answers how much evidence exists that a performance profile is meaningful: vault age, number of observations, length of history, drawdown history, and TVL stability. A brand-new vault with spectacular returns will always score lower here than an established one. Labels: High, Medium, Low.
Consistency Score
Measures whether results repeat: share of positive weeks and months, average drawdown depth, and profit concentration. A vault where most lifetime profit came from a single period is penalized, regardless of headline return.
Manager Alignment
Derived from the leader's own stake as a share of vault equity. Larger manager ownership increases alignment. Once our snapshot history is long enough, significant leader withdrawals will also generate warnings.
Copyability
Separate from HV Score, this answers how suitable a vault is for a new follower today: vault size, current drawdown and current risk level. Rated Excellent, Good, Limited or Poor. A historically excellent vault can have poor copyability right now.
Vault Health
A recent-conditions indicator: Excellent, Healthy, Watch or Warning. It reacts to current drawdown relative to the historical maximum and to recent performance deterioration. Flow, leverage and concentration warnings are added as snapshot history builds.
Data & Limitations
Data is collected from public Hyperliquid endpoints and stored as our own continuous historical record. Vault history from the source is coarser further back, so long-horizon statistics are approximations. We never fabricate metrics: where evidence is insufficient, the site shows Insufficient Data, Not Available or Low Confidence instead of a number.