Compute Horde vs affine

affine (SN120) is 8.5× the size of Compute Horde (SN12) by market capitalisation. Over the past 30 days, SN12 is ahead by 40.9 percentage points (SN12 +21.2% against SN120 -19.7%). Their daily returns move very closely together (correlation 0.86 across 26 shared trading days). Both have run at a similar volatility, around 111% annualised.

Correlation: 0.86
Size ratio: 1 : 8.5
Ahead over 30 days: SN12

Compute HordeSN12

$1.0550

24h: -0.47%
Market cap: $5.06M
Volume 24h: $70,916
Volatility (ann.): 104%

affineSN120

$9.7000

24h: +2.76%
Market cap: $43.20M
Volume 24h: $702,598
Volatility (ann.): 118%

SN12 10.5%Share of the two combined market caps89.5% SN120

Performance

SN12SN120

7 days+1.42%-13.26%SN12
30 days+21.19%-19.70%SN12

Correlation

0.86over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8690d: 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	SN12	SN120
Max drawdown (400d)	-19.3%	-37.7%
Risk-adjusted return (90d)	0.20	-0.16

Relative strength over 90 days: SN12 outperformed SN120 by 1.5% — measured on the SN12/SN120 ratio, so it holds regardless of market direction.

Compute Horde →affine →