Bitads vs EfficientFrontier

EfficientFrontier (SN53) is 696.5× the size of Bitads (SN16) by market capitalisation. Over the past 30 days, SN53 is ahead by 19.5 percentage points (SN16 -16.2% against SN53 +3.3%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). SN16 has been the more volatile of the two, at 253% annualised against SN53's 198%.

Correlation: 0.03
Size ratio: 1 : 696.5
Ahead over 30 days: SN53

BitadsSN16

$0.884975

24h: -40.69%
Market cap: $56,263
Volume 24h: $20,833
Volatility (ann.): 253%

EfficientFrontierSN53

$6.7000

24h: -0.04%
Market cap: $39.19M
Volume 24h: $2.89M
Volatility (ann.): 198%

SN16 0.1%Share of the two combined market caps99.9% SN53

Performance

SN16SN53

7 days-15.21%-20.65%SN16
30 days-16.22%+3.32%SN53

Correlation

0.03over 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	SN16	SN53
Max drawdown (400d)	-49.1%	-41.8%
Risk-adjusted return (90d)	-0.06	0.06

Relative strength over 90 days: SN53 outperformed SN16 by 41.0% — measured on the SN16/SN53 ratio, so it holds regardless of market direction.

Bitads →EfficientFrontier →