affine (SN120) is 12.2× the size of Bitsec.ai (SN60) by market capitalisation. Over the past 30 days, SN60 is ahead by 16.8 percentage points (SN60 +1.6% against SN120 -15.2%). Their daily returns move closely together (correlation 0.76 across 26 shared trading days). Both have run at a similar volatility, around 123% annualised.
SN60SN120
0.76over 26 shared trading days
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.
| Metric | SN60 | SN120 |
|---|---|---|
| Max drawdown (400d) | -25.0% | -37.7% |
| Risk-adjusted return (90d) | 0.01 | -0.13 |
Relative strength over 90 days: SN120 outperformed SN60 by 14.9% — measured on the SN60/SN120 ratio, so it holds regardless of market direction.