Spiko EU T-Bills Money Market Fund vs Janus Henderson Anemoy Treasury Fund

Spiko EU T-Bills Money Market Fund (EUTBL) is 5.0× the size of Janus Henderson Anemoy Treasury Fund (JTRSY) by market capitalisation. Over the past 30 days, JTRSY is ahead by 3.3 percentage points (EUTBL -3.3% against JTRSY +0.0%). Their daily returns move barely together (correlation 0.01 across 59 shared trading days). EUTBL has been the more volatile of the two, at 9% annualised against JTRSY's 2%.

Correlation: 0.01
Size ratio: 5.0×
Ahead over 30 days: JTRSY

Spiko EU T-Bills Money Market FundEUTBL

$1.2000

24h: +0.32%
Market cap: $483.01M
Volume 24h: —
Volatility (ann.): 9%

Janus Henderson Anemoy Treasury FundJTRSY

$1.1200

24h: +0.01%
Market cap: $97.28M
Volume 24h: —
Volatility (ann.): 2%

EUTBL 83.2%Share of the two combined market caps16.8% JTRSY

Performance

EUTBLJTRSY

7 days+0.85%+0.00%EUTBL
30 days-3.25%+0.00%JTRSY

Correlation

0.01over 59 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	EUTBL	JTRSY
Max drawdown (400d)	-4.8%	0.0%
Risk-adjusted return (90d)	-0.29	0.40

Relative strength over 90 days: JTRSY outperformed EUTBL by 3.3% — measured on the EUTBL/JTRSY ratio, so it holds regardless of market direction.

Spiko EU T-Bills Money Market Fund →Janus Henderson Anemoy Treasury Fund →