Data Universe vs Chutes

Chutes (SN64) is 19.6× the size of Data Universe (SN13) by market capitalisation. Over the past 30 days, SN13 is ahead by 8.3 percentage points (SN13 +1.4% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.93 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN13's 98%.

Correlation: 0.93
Size ratio: 1 : 19.6
Ahead over 30 days: SN13

Data UniverseSN13

$0.884004

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

ChutesSN64

$15.3700

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

SN13 4.9%Share of the two combined market caps95.1% SN64

Performance

SN13SN64

7 days-8.28%-11.80%SN13
30 days+1.41%-6.90%SN13

Correlation

0.93over 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	SN64
Max drawdown (400d)	-20.8%	-32.6%
Risk-adjusted return (90d)	0.01	0.00

Relative strength over 90 days: SN64 outperformed SN13 by 14.8% — measured on the SN13/SN64 ratio, so it holds regardless of market direction.

Data Universe →Chutes →