Ultraround Money vs ShMonad

ShMonad (SHMON) is 11.5× the size of Ultraround Money (CIRCLE) by market capitalisation. Over the past 30 days, CIRCLE is ahead by 9.4 percentage points (CIRCLE -20.6% against SHMON -30.0%). Their daily returns move closely together (correlation 0.73 across 34 shared trading days). SHMON has been the more volatile of the two, at 110% annualised against CIRCLE's 73%.

Correlation: 0.73
Size ratio: 1 : 11.5
Ahead over 30 days: CIRCLE

Ultraround MoneyCIRCLE

$0.589216

24h: -1.09%
Market cap: $479,868
Volume 24h: $424
Volatility (ann.): 73%

ShMonadSHMON

$0.029036

24h: +0.89%
Market cap: $5.52M
Volume 24h: $1,168
Volatility (ann.): 110%

CIRCLE 8.0%Share of the two combined market caps92.0% SHMON

Performance

CIRCLESHMON

7 days-15.66%-17.17%CIRCLE
30 days-20.60%-30.04%CIRCLE

Correlation

0.73over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7690d: 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	CIRCLE	SHMON
Max drawdown (400d)	-27.9%	-37.3%
Risk-adjusted return (90d)	-0.35	-0.29

Relative strength over 90 days: CIRCLE outperformed SHMON by 5.6% — measured on the CIRCLE/SHMON ratio, so it holds regardless of market direction.

Ultraround Money →ShMonad →