BitAgent - Rizzo vs EfficientFrontier

EfficientFrontier (SN53) is 16.8× the size of BitAgent - Rizzo (SN20) by market capitalisation. Over the past 30 days, SN53 is ahead by 13.9 percentage points (SN20 +8.8% against SN53 +22.7%). Their daily returns move barely in opposite directions (correlation -0.02 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN20's 112%.

Correlation: -0.02
Size ratio: 1 : 16.8
Ahead over 30 days: SN53

BitAgent - RizzoSN20

$0.512520

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

EfficientFrontierSN53

$7.1100

24h: +0.62%
Market cap: $41.55M
Volume 24h: $2.60M
Volatility (ann.): 200%

SN20 5.6%Share of the two combined market caps94.4% SN53

Performance

SN20SN53

7 days-10.48%-14.51%SN20
30 days+8.78%+22.72%SN53

Correlation

-0.02over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	SN53
Max drawdown (400d)	-22.5%	-40.6%
Risk-adjusted return (90d)	0.08	0.09

Relative strength over 90 days: SN53 outperformed SN20 by 17.7% — measured on the SN20/SN53 ratio, so it holds regardless of market direction.

BitAgent - Rizzo →EfficientFrontier →