ORO vs EfficientFrontier

EfficientFrontier (SN53) is 4.6× the size of ORO (SN15) by market capitalisation. Over the past 30 days, SN53 is ahead by 36.3 percentage points (SN15 -13.6% against SN53 +22.7%). Their daily returns move barely together (correlation 0.32 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN15's 125%.

Correlation: 0.32
Size ratio: 1 : 4.6
Ahead over 30 days: SN53

OROSN15

$4.0200

24h: +0.35%
Market cap: $8.47M
Volume 24h: $135,615
Volatility (ann.): 125%

EfficientFrontierSN53

$6.7200

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

SN15 17.7%Share of the two combined market caps82.3% SN53

Performance

SN15SN53

7 days-4.01%-14.51%SN15
30 days-13.60%+22.72%SN53

Correlation

0.32over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	SN15	SN53
Max drawdown (400d)	-30.0%	-40.6%
Risk-adjusted return (90d)	-0.11	0.09

Relative strength over 90 days: SN53 outperformed SN15 by 32.6% — measured on the SN15/SN53 ratio, so it holds regardless of market direction.

ORO →EfficientFrontier →