BitAgent - Rizzo vs Chutes

Chutes (SN64) is 40.8× the size of BitAgent - Rizzo (SN20) by market capitalisation. Over the past 30 days, SN20 is ahead by 15.7 percentage points (SN20 +8.8% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.86 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN20's 112%.

Correlation: 0.86
Size ratio: 1 : 40.8
Ahead over 30 days: SN20

BitAgent - RizzoSN20

$0.512520

24h: +0.08%
Market cap: $2.47M
Volume 24h: $8,865
Volatility (ann.): 112%

ChutesSN64

$15.9200

24h: +5.50%
Market cap: $100.74M
Volume 24h: $362,901
Volatility (ann.): 141%

SN20 2.4%Share of the two combined market caps97.6% SN64

Performance

SN20SN64

7 days-10.48%-11.80%SN20
30 days+8.78%-6.90%SN20

Correlation

0.86over 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	SN20	SN64
Max drawdown (400d)	-22.5%	-32.6%
Risk-adjusted return (90d)	0.08	0.00

Relative strength over 90 days: SN64 outperformed SN20 by 10.2% — measured on the SN20/SN64 ratio, so it holds regardless of market direction.

BitAgent - Rizzo →Chutes →