iota vs EfficientFrontier

EfficientFrontier (SN53) is 1.4× the size of iota (SN9) by market capitalisation. Over the past 30 days, SN53 is ahead by 40.2 percentage points (SN9 -17.5% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.46 across 50 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN9's 104%.

Correlation: 0.46
Size ratio: 1 : 1.4
Ahead over 30 days: SN53

iotaSN9

$5.2800

24h: +2.34%
Market cap: $27.82M
Volume 24h: $261,146
Volatility (ann.): 104%

EfficientFrontierSN53

$6.8800

24h: -2.34%
Market cap: $40.24M
Volume 24h: $2.28M
Volatility (ann.): 200%

SN9 40.9%Share of the two combined market caps59.1% SN53

Performance

SN9SN53

7 days-13.22%-14.51%SN9
30 days-17.45%+22.72%SN53

Correlation

0.46over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	SN53
Max drawdown (400d)	-37.2%	-40.6%
Risk-adjusted return (90d)	-0.29	0.09

Relative strength over 90 days: SN53 outperformed SN9 by 29.4% — measured on the SN9/SN53 ratio, so it holds regardless of market direction.

iota →EfficientFrontier →