Bitrecs vs Chutes

Chutes (SN64) is 582.3× the size of Bitrecs (SN122) by market capitalisation. Over the past 30 days, SN122 is ahead by 45.1 percentage points (SN122 +41.6% against SN64 -3.5%). Their daily returns move closely together (correlation 0.67 across 21 shared trading days). Both have run at a similar volatility, around 141% annualised.

Correlation: 0.67
Size ratio: 1 : 582.3
Ahead over 30 days: SN122

BitrecsSN122

$0.623487

24h: +4.25%
Market cap: $172,115
Volume 24h: $1
Volatility (ann.): 143%

ChutesSN64

$15.8200

24h: +4.96%
Market cap: $100.23M
Volume 24h: $513,919
Volatility (ann.): 140%

SN122 0.2%Share of the two combined market caps99.8% SN64

Performance

SN122SN64

7 days+19.35%-8.16%SN122
30 days+41.63%-3.47%SN122

Correlation

0.67over 21 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	SN122	SN64
Max drawdown (400d)	-23.2%	-32.6%
Risk-adjusted return (90d)	0.29	0.03

Relative strength over 90 days: SN64 outperformed SN122 by 11.6% — measured on the SN122/SN64 ratio, so it holds regardless of market direction.

Bitrecs →Chutes →