404—GEN vs Chutes

Chutes (SN64) is 11.0× the size of 404—GEN (SN17) by market capitalisation. Over the past 30 days, SN17 is ahead by 19.7 percentage points (SN17 +12.8% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.91 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN17's 107%.

Correlation: 0.91
Size ratio: 1 : 11.0
Ahead over 30 days: SN17

404—GENSN17

$1.4700

24h: -3.47%
Market cap: $8.86M
Volume 24h: $196,555
Volatility (ann.): 107%

ChutesSN64

$15.3500

24h: +4.34%
Market cap: $97.12M
Volume 24h: $190,954
Volatility (ann.): 141%

SN17 8.4%Share of the two combined market caps91.6% SN64

Performance

SN17SN64

7 days+0.38%-11.80%SN17
30 days+12.77%-6.90%SN17

Correlation

0.91over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	SN17	SN64
Max drawdown (400d)	-22.6%	-32.6%
Risk-adjusted return (90d)	0.12	0.00

Relative strength over 90 days: SN64 outperformed SN17 by 5.2% — measured on the SN17/SN64 ratio, so it holds regardless of market direction.

404—GEN →Chutes →