Desearch vs EfficientFrontier

EfficientFrontier (SN53) is 12.3× the size of Desearch (SN22) by market capitalisation. Over the past 30 days, SN53 is ahead by 2.5 percentage points (SN22 +20.2% against SN53 +22.7%). Their daily returns move barely together (correlation 0.24 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN22's 104%.

Correlation: 0.24
Size ratio: 1 : 12.3
Ahead over 30 days: SN53

DesearchSN22

$0.626226

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

EfficientFrontierSN53

$6.7200

24h: -3.39%
Market cap: $39.25M
Volume 24h: $1.89M
Volatility (ann.): 200%

SN22 7.5%Share of the two combined market caps92.5% SN53

Performance

SN22SN53

7 days-3.78%-14.51%SN22
30 days+20.21%+22.72%SN53

Correlation

0.24over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	SN53
Max drawdown (400d)	-21.1%	-40.6%
Risk-adjusted return (90d)	0.19	0.09

Relative strength over 90 days: SN53 outperformed SN22 by 7.5% — measured on the SN22/SN53 ratio, so it holds regardless of market direction.

Desearch →EfficientFrontier →