Apex vs EfficientFrontier

EfficientFrontier (SN53) is 5.4× the size of Apex (SN1) by market capitalisation. Over the past 30 days, SN53 is ahead by 9.9 percentage points (SN1 +12.8% against SN53 +22.7%). Their daily returns move barely together (correlation 0.34 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN1's 100%.

Correlation: 0.34
Size ratio: 1 : 5.4
Ahead over 30 days: SN53

ApexSN1

$1.3700

24h: -0.08%
Market cap: $7.26M
Volume 24h: $67,301
Volatility (ann.): 100%

EfficientFrontierSN53

$6.7300

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

SN1 15.6%Share of the two combined market caps84.4% SN53

Performance

SN1SN53

7 days-1.46%-14.51%SN1
30 days+12.85%+22.72%SN53

Correlation

0.34over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	SN1	SN53
Max drawdown (400d)	-19.7%	-40.6%
Risk-adjusted return (90d)	0.13	0.09

Relative strength over 90 days: SN53 outperformed SN1 by 12.0% — measured on the SN1/SN53 ratio, so it holds regardless of market direction.

Apex →EfficientFrontier →