iota vs Targon

Targon (SN4) is 2.8× the size of iota (SN9) by market capitalisation. Over the past 30 days, SN4 is ahead by 12.9 percentage points (SN9 -17.5% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.90 across 46 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN9's 104%.

Correlation: 0.90
Size ratio: 1 : 2.8
Ahead over 30 days: SN4

iotaSN9

$5.2900

24h: +4.14%
Market cap: $27.88M
Volume 24h: $261,037
Volatility (ann.): 104%

TargonSN4

$13.3400

24h: +2.76%
Market cap: $78.78M
Volume 24h: $855,681
Volatility (ann.): 134%

SN9 26.1%Share of the two combined market caps73.9% SN4

Performance

SN9SN4

7 days-13.22%-13.99%SN9
30 days-17.45%-4.59%SN4

Correlation

0.90over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8990d: 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	SN4
Max drawdown (400d)	-37.2%	-24.4%
Risk-adjusted return (90d)	-0.29	0.17

Relative strength over 90 days: SN4 outperformed SN9 by 24.2% — measured on the SN9/SN4 ratio, so it holds regardless of market direction.

iota →Targon →