Quantum Innovate vs EfficientFrontier

EfficientFrontier (SN53) is 7.1× the size of Quantum Innovate (SN63) by market capitalisation. Over the past 30 days, SN53 is ahead by 60.4 percentage points (SN63 -37.7% against SN53 +22.7%). Their daily returns move barely together (correlation 0.16 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN63's 116%.

Correlation: 0.16
Size ratio: 1 : 7.1
Ahead over 30 days: SN53

Quantum InnovateSN63

$1.0110

24h: -0.20%
Market cap: $5.67M
Volume 24h: $7,300
Volatility (ann.): 116%

EfficientFrontierSN53

$6.8800

24h: -2.34%
Market cap: $40.24M
Volume 24h: $2.28M
Volatility (ann.): 200%

SN63 12.4%Share of the two combined market caps87.6% SN53

Performance

SN63SN53

7 days-5.34%-14.51%SN63
30 days-37.69%+22.72%SN53

Correlation

0.16over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	SN63	SN53
Max drawdown (400d)	-45.9%	-40.6%
Risk-adjusted return (90d)	-0.32	0.09

Relative strength over 90 days: SN53 outperformed SN63 by 51.4% — measured on the SN63/SN53 ratio, so it holds regardless of market direction.

Quantum Innovate →EfficientFrontier →