404—GEN vs EfficientFrontier

EfficientFrontier (SN53) is 4.4× the size of 404—GEN (SN17) by market capitalisation. Over the past 30 days, SN53 is ahead by 10.0 percentage points (SN17 +12.8% against SN53 +22.7%). Their daily returns move barely together (correlation 0.32 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN17's 107%.

Correlation: 0.32
Size ratio: 1 : 4.4
Ahead over 30 days: SN53

404—GENSN17

$1.4700

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

EfficientFrontierSN53

$6.7300

24h: -2.51%
Market cap: $39.33M
Volume 24h: $1.70M
Volatility (ann.): 200%

SN17 18.4%Share of the two combined market caps81.6% SN53

Performance

SN17SN53

7 days+0.38%-14.51%SN17
30 days+12.77%+22.72%SN53

Correlation

0.32over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	SN53
Max drawdown (400d)	-22.6%	-40.6%
Risk-adjusted return (90d)	0.12	0.09

Relative strength over 90 days: SN53 outperformed SN17 by 12.0% — measured on the SN17/SN53 ratio, so it holds regardless of market direction.

404—GEN →EfficientFrontier →