Ditto vs affine

affine (SN120) is 17.0× the size of Ditto (SN118) by market capitalisation. Over the past 30 days, SN118 is ahead by 14.8 percentage points (SN118 -4.9% against SN120 -19.7%). Their daily returns move loosely together (correlation 0.45 across 25 shared trading days). SN118 has been the more volatile of the two, at 179% annualised against SN120's 118%.

Correlation: 0.45
Size ratio: 1 : 17.0
Ahead over 30 days: SN118

DittoSN118

$0.843418

24h: -2.91%
Market cap: $2.54M
Volume 24h: $452,662
Volatility (ann.): 179%

affineSN120

$9.7100

24h: +2.61%
Market cap: $43.17M
Volume 24h: $703,072
Volatility (ann.): 118%

SN118 5.6%Share of the two combined market caps94.4% SN120

Performance

SN118SN120

7 days+10.85%-13.26%SN118
30 days-4.86%-19.70%SN118

Correlation

0.45over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	SN118	SN120
Max drawdown (400d)	-34.9%	-37.7%
Risk-adjusted return (90d)	-0.03	-0.16

Relative strength over 90 days: SN120 outperformed SN118 by 22.6% — measured on the SN118/SN120 ratio, so it holds regardless of market direction.

Ditto →affine →