Chunking vs EfficientFrontier

EfficientFrontier (SN53) is 85.2× the size of Chunking (SN40) by market capitalisation. Over the past 30 days, SN53 is ahead by 55.4 percentage points (SN40 -32.7% against SN53 +22.7%). Their daily returns move barely together (correlation 0.13 across 26 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN40's 111%.

Correlation: 0.13
Size ratio: 1 : 85.2
Ahead over 30 days: SN53

ChunkingSN40

$0.383068

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

EfficientFrontierSN53

$7.0400

24h: -0.48%
Market cap: $41.10M
Volume 24h: $2.74M
Volatility (ann.): 200%

SN40 1.2%Share of the two combined market caps98.8% SN53

Performance

SN40SN53

7 days-4.75%-14.51%SN40
30 days-32.66%+22.72%SN53

Correlation

0.13over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	SN53
Max drawdown (400d)	-42.9%	-40.6%
Risk-adjusted return (90d)	-0.29	0.09

Relative strength over 90 days: SN53 outperformed SN40 by 50.4% — measured on the SN40/SN53 ratio, so it holds regardless of market direction.

Chunking →EfficientFrontier →