BitMind vs Chutes

Chutes (SN64) is 6.3× the size of BitMind (SN34) by market capitalisation. Over the past 30 days, SN34 is ahead by 30.6 percentage points (SN34 +23.7% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.96 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN34's 104%.

Correlation: 0.96
Size ratio: 1 : 6.3
Ahead over 30 days: SN34

BitMindSN34

$2.7300

24h: +0.02%
Market cap: $15.51M
Volume 24h: $49,288
Volatility (ann.): 104%

ChutesSN64

$15.4000

24h: +3.43%
Market cap: $97.46M
Volume 24h: $244,567
Volatility (ann.): 141%

SN34 13.7%Share of the two combined market caps86.3% SN64

Performance

SN34SN64

7 days+3.15%-11.80%SN34
30 days+23.71%-6.90%SN34

Correlation

0.96over 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	SN34	SN64
Max drawdown (400d)	-19.5%	-32.6%
Risk-adjusted return (90d)	0.23	0.00

Relative strength over 90 days: SN34 outperformed SN64 by 4.0% — measured on the SN34/SN64 ratio, so it holds regardless of market direction.

BitMind →Chutes →