iota vs Chutes

Chutes (SN64) is 3.5× the size of iota (SN9) by market capitalisation. Over the past 30 days, SN64 is ahead by 10.6 percentage points (SN9 -17.5% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.93 across 46 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN9's 104%.

Correlation: 0.93
Size ratio: 1 : 3.5
Ahead over 30 days: SN64

iotaSN9

$5.2800

24h: +2.14%
Market cap: $27.81M
Volume 24h: $261,437
Volatility (ann.): 104%

ChutesSN64

$15.3600

24h: +1.86%
Market cap: $97.16M
Volume 24h: $274,643
Volatility (ann.): 141%

SN9 22.3%Share of the two combined market caps77.7% SN64

Performance

SN9SN64

7 days-13.22%-11.80%SN64
30 days-17.45%-6.90%SN64

Correlation

0.93over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9290d: 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	SN9	SN64
Max drawdown (400d)	-37.2%	-32.6%
Risk-adjusted return (90d)	-0.29	0.00

Relative strength over 90 days: SN64 outperformed SN9 by 13.2% — measured on the SN9/SN64 ratio, so it holds regardless of market direction.

iota →Chutes →