Bitcast vs EfficientFrontier

EfficientFrontier (SN53) is 2.8× the size of Bitcast (SN93) by market capitalisation. Over the past 30 days, SN93 is ahead by 24.2 percentage points (SN93 +47.0% against SN53 +22.7%). Their daily returns move barely together (correlation 0.01 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN93's 154%.

Correlation: 0.01
Size ratio: 1 : 2.8
Ahead over 30 days: SN93

BitcastSN93

$3.2400

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

EfficientFrontierSN53

$6.7200

24h: -3.39%
Market cap: $39.25M
Volume 24h: $1.89M
Volatility (ann.): 200%

SN93 26.6%Share of the two combined market caps73.4% SN53

Performance

SN93SN53

7 days-0.98%-14.51%SN93
30 days+46.96%+22.72%SN93

Correlation

0.01over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	SN53
Max drawdown (400d)	-23.8%	-40.6%
Risk-adjusted return (90d)	0.30	0.09

Relative strength over 90 days: SN93 outperformed SN53 by 14.6% — measured on the SN93/SN53 ratio, so it holds regardless of market direction.

Bitcast →EfficientFrontier →