Bitcast vs Chutes

Chutes (SN64) is 6.8× the size of Bitcast (SN93) by market capitalisation. Over the past 30 days, SN93 is ahead by 53.9 percentage points (SN93 +47.0% against SN64 -6.9%). Their daily returns move closely together (correlation 0.70 across 24 shared trading days). Both have run at a similar volatility, around 148% annualised.

Correlation: 0.70
Size ratio: 1 : 6.8
Ahead over 30 days: SN93

BitcastSN93

$3.2400

24h: -2.38%
Market cap: $14.25M
Volume 24h: $256,441
Volatility (ann.): 154%

ChutesSN64

$15.3700

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

SN93 12.8%Share of the two combined market caps87.2% SN64

Performance

SN93SN64

7 days-0.98%-11.80%SN93
30 days+46.96%-6.90%SN93

Correlation

0.70over 24 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	SN93	SN64
Max drawdown (400d)	-23.8%	-32.6%
Risk-adjusted return (90d)	0.30	0.00

Relative strength over 90 days: SN93 outperformed SN64 by 23.5% — measured on the SN93/SN64 ratio, so it holds regardless of market direction.

Bitcast →Chutes →