Erable° vs Spiko Amundi Overnight Swap Fund (EUR)

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is 22866.0× the size of Erable° (ERA) by market capitalisation. Over the past 30 days, ERA is ahead by 1.9 percentage points (ERA -0.7% against EURSAFO -2.6%). Their daily returns move barely together (correlation 0.27 across 20 shared trading days). ERA has been the more volatile of the two, at 31% annualised against EURSAFO's 9%.

Correlation: 0.27
Size ratio: 1 : 22866.0
Ahead over 30 days: ERA

Erable°ERA

$0.000426

24h: —
Market cap: $81,876
Volume 24h: $105
Volatility (ann.): 31%

Spiko Amundi Overnight Swap Fund (EUR)EURSAFO

$1.1400

24h: -0.45%
Market cap: $1.87B
Volume 24h: —
Volatility (ann.): 9%

ERA 0.0%Share of the two combined market caps100.0% EURSAFO

Performance

ERAEURSAFO

7 days+0.96%+0.88%ERA
30 days-0.68%-2.56%ERA

Correlation

0.27over 20 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	ERA	EURSAFO
Max drawdown (400d)	-5.7%	-4.2%
Risk-adjusted return (90d)	-0.02	-0.27

Relative strength over 90 days: EURSAFO outperformed ERA by 1.9% — measured on the ERA/EURSAFO ratio, so it holds regardless of market direction.

Erable° →Spiko Amundi Overnight Swap Fund (EUR) →