Chutes vs lium

lium (SN51) is 1.4× the size of Chutes (SN64) by market capitalisation. Over the past 30 days, SN51 is ahead by 25.1 percentage points (SN64 -3.5% against SN51 +21.6%). Their daily returns move very closely together (correlation 0.87 across 57 shared trading days). Both have run at a similar volatility, around 139% annualised.

Correlation: 0.87
Size ratio: 1 : 1.4
Ahead over 30 days: SN51

ChutesSN64

$15.8900

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

liumSN51

$27.7500

24h: +6.54%
Market cap: $140.85M
Volume 24h: $1.56M
Volatility (ann.): 139%

SN64 41.7%Share of the two combined market caps58.3% SN51

Performance

SN64SN51

7 days-8.16%-12.01%SN64
30 days-3.47%+21.60%SN51

Correlation

0.87over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8790d: 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	SN51
Max drawdown (400d)	-32.6%	-19.1%
Risk-adjusted return (90d)	0.03	0.66

Relative strength over 90 days: SN51 outperformed SN64 by 45.8% — measured on the SN64/SN51 ratio, so it holds regardless of market direction.

Chutes →lium →