Graphite vs EfficientFrontier

EfficientFrontier (SN53) is 8.5× the size of Graphite (SN43) by market capitalisation. Over the past 30 days, SN53 is ahead by 19.3 percentage points (SN43 +3.4% against SN53 +22.7%). Their daily returns move barely together (correlation 0.13 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN43's 112%.

Correlation: 0.13
Size ratio: 1 : 8.5
Ahead over 30 days: SN53

GraphiteSN43

$0.888533

24h: -0.10%
Market cap: $4.71M
Volume 24h: $128
Volatility (ann.): 112%

EfficientFrontierSN53

$6.8800

24h: -3.10%
Market cap: $40.18M
Volume 24h: $2.28M
Volatility (ann.): 200%

SN43 10.5%Share of the two combined market caps89.5% SN53

Performance

SN43SN53

7 days-7.58%-14.51%SN43
30 days+3.39%+22.72%SN53

Correlation

0.13over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	SN43	SN53
Max drawdown (400d)	-21.7%	-40.6%
Risk-adjusted return (90d)	0.03	0.09

Relative strength over 90 days: SN53 outperformed SN43 by 19.4% — measured on the SN43/SN53 ratio, so it holds regardless of market direction.

Graphite →EfficientFrontier →