Gradients vs lium

lium (SN51) is 7.6× the size of Gradients (SN56) by market capitalisation. Over the past 30 days, SN56 is ahead by 7.8 percentage points (SN56 +23.9% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.90 across 24 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN56's 109%.

Correlation: 0.90
Size ratio: 1 : 7.6
Ahead over 30 days: SN56

GradientsSN56

$3.3000

24h: +0.03%
Market cap: $18.32M
Volume 24h: $69,694
Volatility (ann.): 109%

liumSN51

$27.6400

24h: +4.22%
Market cap: $140.02M
Volume 24h: $1.76M
Volatility (ann.): 140%

SN56 11.6%Share of the two combined market caps88.4% SN51

Performance

SN56SN51

7 days+0.00%-13.99%SN56
30 days+23.95%+16.13%SN56

Correlation

0.90over 24 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	SN56	SN51
Max drawdown (400d)	-20.8%	-19.1%
Risk-adjusted return (90d)	0.22	0.59

Relative strength over 90 days: SN51 outperformed SN56 by 12.7% — measured on the SN56/SN51 ratio, so it holds regardless of market direction.

Gradients →lium →