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Hyperliquid Copyability Index · Release 01

Profit was common. A shallow drawdown was not.

In this fixed September 17, 2026 snapshot of 100 qualified wallets, 97% had positive measured 30-day perpetuals PnL, but only 22% kept their all-time sampled worst dip below 20%.

By Vansh BatraPermanent release URL

Four findings

What the qualified cohort looked like

positive over 30 days97%
strong 90-day consistency80%
at least one year observed27%
worst sampled dip below 20%22%

The direct answer

The September cohort was profitable recently, but its longer risk record was uneven. The median Mirror Score was 8.18 out of 10 and median observed history was 225 days. Eighty wallets had a 90-day PnL trend R² of at least 0.65, while only 27 had at least one full year of observed history. Recent profit therefore did not imply a long record or a shallow historical drawdown.

How the sample was built

The release uses the first 100 wallets in MirrorTrade's qualified ranking that had at least one open position at capture time. Public qualification required more than $100,000 in perpetuals account value, more than $20,000 in perpetuals profit, at least 90 usable history days, at least 12 completed weeks, and no sampled trailing-12-month drawdown of 60% or more. Wallets were then ranked using the published nine-signal Mirror Score version 1.1.

Percentages use 100 wallets because every released aggregate had a measured value in this snapshot. The median worst dip is an all-time sampled peak-to-trough figure; it can include an older drawdown outside the trailing qualification window. Read the full methodology and weights before comparing releases.

What the release does not prove

This is a screening study, not a performance forecast or follower-execution study. It does not show whether another account could reproduce a leader's entries and exits. Copy lag, slippage, fees, minimum order sizes, partial fills and different capital can materially change follower results. Sampling can also miss an intraday drawdown between observations.

Citation note

When citing this release, include the date, sample size and methodology version: “MirrorTrade Hyperliquid Copyability Index, September 17, 2026; n=100; Mirror Score v1.1.” Link to this permanent URL rather than the live ranking, which changes as wallets are rescored.

This dated release and its frozen CSV are licensed under CC BY 4.0: reuse them with the citation above and a link to this page. The live ranking is not covered; see the terms.