Bitsota vs Chutes

Chutes (SN64) is 56.1× the size of Bitsota (SN94) by market capitalisation. Over the past 30 days, SN94 is ahead by 56.6 percentage points (SN94 +49.7% against SN64 -6.9%). Their daily returns move closely together (correlation 0.81 across 22 shared trading days). SN94 has been the more volatile of the two, at 170% annualised against SN64's 141%.

Correlation: 0.81
Size ratio: 1 : 56.1
Ahead over 30 days: SN94

BitsotaSN94

$0.942095

24h: +7.62%
Market cap: $1.74M
Volume 24h: $199,230
Volatility (ann.): 170%

ChutesSN64

$15.3700

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

SN94 1.8%Share of the two combined market caps98.2% SN64

Performance

SN94SN64

7 days+27.35%-11.80%SN94
30 days+49.71%-6.90%SN94

Correlation

0.81over 22 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	SN94	SN64
Max drawdown (400d)	-21.3%	-32.6%
Risk-adjusted return (90d)	0.29	0.00

Relative strength over 90 days: SN94 outperformed SN64 by 5.6% — measured on the SN94/SN64 ratio, so it holds regardless of market direction.

Bitsota →Chutes →