EfficientFrontier vs lium

lium (SN51) is 3.6× the size of EfficientFrontier (SN53) by market capitalisation. Over the past 30 days, SN51 is ahead by 18.3 percentage points (SN53 +3.3% against SN51 +21.6%). Their daily returns move very closely together (correlation 0.86 across 49 shared trading days). SN53 has been the more volatile of the two, at 198% annualised against SN51's 139%.

Correlation: 0.86
Size ratio: 1 : 3.6
Ahead over 30 days: SN51

EfficientFrontierSN53

$6.7300

24h: -2.82%
Market cap: $39.34M
Volume 24h: $3.30M
Volatility (ann.): 198%

liumSN51

$27.9600

24h: +9.35%
Market cap: $141.88M
Volume 24h: $1.64M
Volatility (ann.): 139%

SN53 21.7%Share of the two combined market caps78.3% SN51

Performance

SN53SN51

7 days-20.65%-12.01%SN51
30 days+3.32%+21.60%SN51

Correlation

0.86over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8890d: 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	SN53	SN51
Max drawdown (400d)	-41.8%	-19.1%
Risk-adjusted return (90d)	0.06	0.66

Relative strength over 90 days: SN51 outperformed SN53 by 26.0% — measured on the SN53/SN51 ratio, so it holds regardless of market direction.

EfficientFrontier →lium →