Data Universe vs lium

lium (SN51) is 27.2× the size of Data Universe (SN13) by market capitalisation. Over the past 30 days, SN51 is ahead by 14.7 percentage points (SN13 +1.4% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.89 across 24 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN13's 98%.

Correlation: 0.89
Size ratio: 1 : 27.2
Ahead over 30 days: SN51

Data UniverseSN13

$0.884004

24h: -0.40%
Market cap: $4.97M
Volume 24h: $6,745
Volatility (ann.): 98%

liumSN51

$26.6400

24h: +1.91%
Market cap: $134.99M
Volume 24h: $4.08M
Volatility (ann.): 140%

SN13 3.6%Share of the two combined market caps96.4% SN51

Performance

SN13SN51

7 days-8.28%-13.99%SN13
30 days+1.41%+16.13%SN51

Correlation

0.89over 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	SN13	SN51
Max drawdown (400d)	-20.8%	-19.1%
Risk-adjusted return (90d)	0.01	0.59

Relative strength over 90 days: SN51 outperformed SN13 by 28.6% — measured on the SN13/SN51 ratio, so it holds regardless of market direction.

Data Universe →lium →