BetterTherapy vs Chutes

Chutes (SN64) is 48.7× the size of BetterTherapy (SN102) by market capitalisation. Over the past 30 days, SN102 is ahead by 0.6 percentage points (SN102 -6.3% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.91 across 23 shared trading days). Both have run at a similar volatility, around 140% annualised.

Correlation: 0.91
Size ratio: 1 : 48.7
Ahead over 30 days: SN102

BetterTherapySN102

$1.1900

24h: -5.26%
Market cap: $2.00M
Volume 24h: $239,556
Volatility (ann.): 140%

ChutesSN64

$15.3700

24h: +2.31%
Market cap: $97.37M
Volume 24h: $348,049
Volatility (ann.): 141%

SN102 2.0%Share of the two combined market caps98.0% SN64

Performance

SN102SN64

7 days+16.17%-11.80%SN102
30 days-6.28%-6.90%SN102

Correlation

0.91over 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	SN102	SN64
Max drawdown (400d)	-28.0%	-32.6%
Risk-adjusted return (90d)	-0.04	0.00

Relative strength over 90 days: SN64 outperformed SN102 by 23.5% — measured on the SN102/SN64 ratio, so it holds regardless of market direction.

BetterTherapy →Chutes →