Gradients vs EfficientFrontier

EfficientFrontier (SN53) is 2.2× the size of Gradients (SN56) by market capitalisation. Over the past 30 days, SN56 is ahead by 1.2 percentage points (SN56 +23.9% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.36 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN56's 109%.

Correlation: 0.36
Size ratio: 1 : 2.2
Ahead over 30 days: SN56

GradientsSN56

$3.3000

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

EfficientFrontierSN53

$6.8700

24h: -3.40%
Market cap: $40.13M
Volume 24h: $3.23M
Volatility (ann.): 200%

SN56 31.3%Share of the two combined market caps68.7% SN53

Performance

SN56SN53

7 days+0.00%-14.51%SN56
30 days+23.95%+22.72%SN56

Correlation

0.36over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	SN53
Max drawdown (400d)	-20.8%	-40.6%
Risk-adjusted return (90d)	0.22	0.09

Relative strength over 90 days: SN53 outperformed SN56 by 3.3% — measured on the SN56/SN53 ratio, so it holds regardless of market direction.

Gradients →EfficientFrontier →