Desearch vs Chutes

Chutes (SN64) is 30.6× the size of Desearch (SN22) by market capitalisation. Over the past 30 days, SN22 is ahead by 27.1 percentage points (SN22 +20.2% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.92 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN22's 104%.

Correlation: 0.92
Size ratio: 1 : 30.6
Ahead over 30 days: SN22

DesearchSN22

$0.626226

24h: -1.87%
Market cap: $3.18M
Volume 24h: $21,149
Volatility (ann.): 104%

ChutesSN64

$15.3700

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

SN22 3.2%Share of the two combined market caps96.8% SN64

Performance

SN22SN64

7 days-3.78%-11.80%SN22
30 days+20.21%-6.90%SN22

Correlation

0.92over 23 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	SN22	SN64
Max drawdown (400d)	-21.1%	-32.6%
Risk-adjusted return (90d)	0.19	0.00

Relative strength over 90 days: SN22 outperformed SN64 by 0.9% — measured on the SN22/SN64 ratio, so it holds regardless of market direction.

Desearch →Chutes →