Bettensor vs Targon

Targon (SN4) is 19.2× the size of Bettensor (SN30) by market capitalisation. Over the past 30 days, SN30 is ahead by 10.1 percentage points (SN30 +5.5% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.88 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN30's 95%.

Correlation: 0.88
Size ratio: 1 : 19.2
Ahead over 30 days: SN30

BettensorSN30

$0.756103

24h: +1.75%
Market cap: $4.03M
Volume 24h: $78,103
Volatility (ann.): 95%

TargonSN4

$13.0900

24h: +1.25%
Market cap: $77.30M
Volume 24h: $680,278
Volatility (ann.): 134%

SN30 5.0%Share of the two combined market caps95.0% SN4

Performance

SN30SN4

7 days-0.17%-13.99%SN30
30 days+5.53%-4.59%SN30

Correlation

0.88over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SN30	SN4
Max drawdown (400d)	-20.7%	-24.4%
Risk-adjusted return (90d)	0.06	0.17

Relative strength over 90 days: SN4 outperformed SN30 by 14.7% — measured on the SN30/SN4 ratio, so it holds regardless of market direction.

Bettensor →Targon →