Chutes vs affine

Chutes (SN64) is 2.2× the size of affine (SN120) by market capitalisation. Over the past 30 days, SN64 is ahead by 11.7 percentage points (SN64 -3.5% against SN120 -15.2%). Their daily returns move very closely together (correlation 0.93 across 53 shared trading days). SN64 has been the more volatile of the two, at 140% annualised against SN120's 117%.

Correlation: 0.93
Size ratio: 2.2×
Ahead over 30 days: SN64

ChutesSN64

$15.8900

24h: +5.62%
Market cap: $100.81M
Volume 24h: $502,933
Volatility (ann.): 140%

affineSN120

$10.0700

24h: +6.35%
Market cap: $44.91M
Volume 24h: $153,217
Volatility (ann.): 117%

SN64 69.2%Share of the two combined market caps30.8% SN120

Performance

SN64SN120

7 days-8.16%-6.33%SN120
30 days-3.47%-15.18%SN64

Correlation

0.93over 53 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9290d: 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	SN64	SN120
Max drawdown (400d)	-32.6%	-37.7%
Risk-adjusted return (90d)	0.03	-0.13

Relative strength over 90 days: SN64 outperformed SN120 by 14.8% — measured on the SN64/SN120 ratio, so it holds regardless of market direction.

Chutes →affine →