OpenRoboto vs Chutes

Chutes (SN64) is 11.6× the size of OpenRoboto (SN80) by market capitalisation. Over the past 30 days, SN64 is ahead by 9.8 percentage points (SN80 -16.7% against SN64 -6.9%). Their daily returns move closely together (correlation 0.79 across 34 shared trading days). SN80 has been the more volatile of the two, at 189% annualised against SN64's 141%.

Correlation: 0.79
Size ratio: 1 : 11.6
Ahead over 30 days: SN64

OpenRobotoSN80

$3.4300

24h: -4.39%
Market cap: $8.51M
Volume 24h: $251,312
Volatility (ann.): 189%

ChutesSN64

$15.6200

24h: +3.47%
Market cap: $98.86M
Volume 24h: $350,263
Volatility (ann.): 141%

SN80 7.9%Share of the two combined market caps92.1% SN64

Performance

SN80SN64

7 days-26.83%-11.80%SN64
30 days-16.67%-6.90%SN64

Correlation

0.79over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8290d: 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	SN80	SN64
Max drawdown (400d)	-60.1%	-32.6%
Risk-adjusted return (90d)	0.06	0.00

Relative strength over 90 days: SN80 outperformed SN64 by 33.3% — measured on the SN80/SN64 ratio, so it holds regardless of market direction.

OpenRoboto →Chutes →