EfficientFrontier vs Targon

Targon (SN4) is 2.1× the size of EfficientFrontier (SN53) by market capitalisation. Over the past 30 days, SN53 is ahead by 4.3 percentage points (SN53 +3.3% against SN4 -1.0%). Their daily returns move closely together (correlation 0.81 across 49 shared trading days). SN53 has been the more volatile of the two, at 198% annualised against SN4's 133%.

Correlation: 0.81
Size ratio: 1 : 2.1
Ahead over 30 days: SN53

EfficientFrontierSN53

$6.7300

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

TargonSN4

$13.7300

24h: +9.44%
Market cap: $81.19M
Volume 24h: $864,336
Volatility (ann.): 133%

SN53 32.6%Share of the two combined market caps67.4% SN4

Performance

SN53SN4

7 days-20.65%-7.54%SN4
30 days+3.32%-1.02%SN53

Correlation

0.81over 49 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	SN53	SN4
Max drawdown (400d)	-41.8%	-24.4%
Risk-adjusted return (90d)	0.06	0.21

Relative strength over 90 days: SN53 outperformed SN4 by 9.6% — measured on the SN53/SN4 ratio, so it holds regardless of market direction.

EfficientFrontier →Targon →