affine vs Chutes

Chutes (SN64) is 2.2× the size of affine (SN120) by market capitalisation. Over the past 30 days, SN64 is ahead by 11.7 percentage points (SN120 -15.2% against SN64 -3.5%). Their daily returns move very closely together (correlation 0.93 across 53 shared trading days). SN64 has been the more volatile of the two, at 140% annualised against SN120's 117%.

Correlation: 0.93
Size ratio: 1 : 2.2
Ahead over 30 days: SN64

affineSN120

$10.0800

24h: +6.08%
Market cap: $44.89M
Volume 24h: $210,933
Volatility (ann.): 117%

ChutesSN64

$15.8200

24h: +4.96%
Market cap: $100.23M
Volume 24h: $513,919
Volatility (ann.): 140%

SN120 30.9%Share of the two combined market caps69.1% SN64

Performance

SN120SN64

7 days-6.33%-8.16%SN120
30 days-15.18%-3.47%SN64

Correlation

0.93over 53 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9290d: 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	SN120	SN64
Max drawdown (400d)	-37.7%	-32.6%
Risk-adjusted return (90d)	-0.13	0.03

Relative strength over 90 days: SN64 outperformed SN120 by 12.9% — measured on the SN120/SN64 ratio, so it holds regardless of market direction.

affine →Chutes →