Compute Horde vs EfficientFrontier

EfficientFrontier (SN53) is 7.9× the size of Compute Horde (SN12) by market capitalisation. Over the past 30 days, SN53 is ahead by 1.5 percentage points (SN12 +21.2% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.37 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN12's 104%.

Correlation: 0.37
Size ratio: 1 : 7.9
Ahead over 30 days: SN53

Compute HordeSN12

$1.0550

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

EfficientFrontierSN53

$6.8800

24h: -2.34%
Market cap: $40.24M
Volume 24h: $2.28M
Volatility (ann.): 200%

SN12 11.2%Share of the two combined market caps88.8% SN53

Performance

SN12SN53

7 days+1.42%-14.51%SN12
30 days+21.19%+22.72%SN53

Correlation

0.37over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	SN53
Max drawdown (400d)	-19.3%	-40.6%
Risk-adjusted return (90d)	0.20	0.09

Relative strength over 90 days: SN53 outperformed SN12 by 5.5% — measured on the SN12/SN53 ratio, so it holds regardless of market direction.

Compute Horde →EfficientFrontier →