FakeNews vs EfficientFrontier

EfficientFrontier (SN53) is 13.8× the size of FakeNews (SN66) by market capitalisation. Over the past 30 days, SN66 is ahead by 52.3 percentage points (SN66 +75.0% against SN53 +22.7%). Their daily returns move barely in opposite directions (correlation -0.14 across 27 shared trading days). SN66 has been the more volatile of the two, at 236% annualised against SN53's 200%.

Correlation: -0.14
Size ratio: 1 : 13.8
Ahead over 30 days: SN66

FakeNewsSN66

$0.555919

24h: +1.61%
Market cap: $2.93M
Volume 24h: $118,207
Volatility (ann.): 236%

EfficientFrontierSN53

$6.9400

24h: -1.85%
Market cap: $40.51M
Volume 24h: $2.43M
Volatility (ann.): 200%

SN66 6.7%Share of the two combined market caps93.3% SN53

Performance

SN66SN53

7 days+8.34%-14.51%SN66
30 days+75.05%+22.72%SN66

Correlation

-0.14over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	SN66	SN53
Max drawdown (400d)	-22.3%	-40.6%
Risk-adjusted return (90d)	0.32	0.09

Relative strength over 90 days: SN66 outperformed SN53 by 35.7% — measured on the SN66/SN53 ratio, so it holds regardless of market direction.

FakeNews →EfficientFrontier →