Chunking vs Chutes

Chutes (SN64) is 207.2× the size of Chunking (SN40) by market capitalisation. Over the past 30 days, SN64 is ahead by 25.8 percentage points (SN40 -32.7% against SN64 -6.9%). Their daily returns move closely together (correlation 0.72 across 22 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN40's 111%.

Correlation: 0.72
Size ratio: 1 : 207.2
Ahead over 30 days: SN64

ChunkingSN40

$0.383068

24h: -0.33%
Market cap: $482,243
Volume 24h: $1,123
Volatility (ann.): 111%

ChutesSN64

$15.7900

24h: +4.61%
Market cap: $99.93M
Volume 24h: $402,090
Volatility (ann.): 141%

SN40 0.5%Share of the two combined market caps99.5% SN64

Performance

SN40SN64

7 days-4.75%-11.80%SN40
30 days-32.66%-6.90%SN64

Correlation

0.72over 22 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	SN40	SN64
Max drawdown (400d)	-42.9%	-32.6%
Risk-adjusted return (90d)	-0.29	0.00

Relative strength over 90 days: SN64 outperformed SN40 by 46.6% — measured on the SN40/SN64 ratio, so it holds regardless of market direction.

Chunking →Chutes →