Status (SNT) is 460.0× the size of Donut (DONUT) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 20 shared trading days). Both have run at a similar volatility, around 42% annualised.
DONUTSNT
0.37over 20 shared trading days
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.
| Metric | DONUT | SNT |
|---|---|---|
| Max drawdown (400d) | -19.8% | -27.4% |
| Risk-adjusted return (90d) | — | -0.64 |
Relative strength over 90 days: DONUT outperformed SNT by 0.8% — measured on the DONUT/SNT ratio, so it holds regardless of market direction.