Distributed Training vs EfficientFrontier

EfficientFrontier (SN53) is 12.8× the size of Distributed Training (SN38) by market capitalisation. Over the past 30 days, SN38 is ahead by 226.2 percentage points (SN38 +248.9% against SN53 +22.7%). Their daily returns move closely together (correlation 0.84 across 27 shared trading days). SN38 has been the more volatile of the two, at 251% annualised against SN53's 200%.

Correlation: 0.84
Size ratio: 1 : 12.8
Ahead over 30 days: SN38

Distributed TrainingSN38

$1.4000

24h: +3.49%
Market cap: $3.09M
Volume 24h: $137,460
Volatility (ann.): 251%

EfficientFrontierSN53

$6.8000

24h: -2.36%
Market cap: $39.70M
Volume 24h: $1.38M
Volatility (ann.): 200%

SN38 7.2%Share of the two combined market caps92.8% SN53

Performance

SN38SN53

7 days+79.73%-14.51%SN38
30 days+248.94%+22.72%SN38

Correlation

0.84over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 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	SN38	SN53
Max drawdown (400d)	-30.9%	-40.6%
Risk-adjusted return (90d)	0.99	0.09

Relative strength over 90 days: SN38 outperformed SN53 by 161.0% — measured on the SN38/SN53 ratio, so it holds regardless of market direction.

Distributed Training →EfficientFrontier →