Chutes (SN64) is 48.2× the size of Brain (SN90) by market capitalisation. Over the past 30 days, SN64 is ahead by 19.4 percentage points (SN90 -26.3% against SN64 -6.9%). Their daily returns move barely together (correlation 0.23 across 23 shared trading days). Both have run at a similar volatility, around 147% annualised.
SN90SN64
0.23over 23 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 | SN90 | SN64 |
|---|---|---|
| Max drawdown (400d) | -33.4% | -32.6% |
| Risk-adjusted return (90d) | -0.17 | 0.00 |
Relative strength over 90 days: SN64 outperformed SN90 by 38.3% — measured on the SN90/SN64 ratio, so it holds regardless of market direction.