Compute Horde vs Chutes

Chutes (SN64) is 19.2× the size of Compute Horde (SN12) by market capitalisation. Over the past 30 days, SN12 is ahead by 28.1 percentage points (SN12 +21.2% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.96 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN12's 104%.

Correlation: 0.96
Size ratio: 1 : 19.2
Ahead over 30 days: SN12

Compute HordeSN12

$1.0550

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

ChutesSN64

$15.3700

24h: +2.31%
Market cap: $97.37M
Volume 24h: $348,049
Volatility (ann.): 141%

SN12 4.9%Share of the two combined market caps95.1% SN64

Performance

SN12SN64

7 days+1.42%-11.80%SN12
30 days+21.19%-6.90%SN12

Correlation

0.96over 24 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	SN12	SN64
Max drawdown (400d)	-19.3%	-32.6%
Risk-adjusted return (90d)	0.20	0.00

Relative strength over 90 days: SN12 outperformed SN64 by 1.9% — measured on the SN12/SN64 ratio, so it holds regardless of market direction.

Compute Horde →Chutes →