Level 114 vs EfficientFrontier

EfficientFrontier (SN53) is 4.4× the size of Level 114 (SN114) by market capitalisation. Over the past 30 days, SN114 is ahead by 86.1 percentage points (SN114 +89.5% against SN53 +3.3%). Their daily returns move barely together (correlation 0.34 across 28 shared trading days). SN53 has been the more volatile of the two, at 198% annualised against SN114's 154%.

Correlation: 0.34
Size ratio: 1 : 4.4
Ahead over 30 days: SN114

Level 114SN114

$3.9500

24h: -0.81%
Market cap: $8.94M
Volume 24h: $506,099
Volatility (ann.): 154%

EfficientFrontierSN53

$6.7100

24h: -0.20%
Market cap: $39.23M
Volume 24h: $2.04M
Volatility (ann.): 198%

SN114 18.6%Share of the two combined market caps81.4% SN53

Performance

SN114SN53

7 days+13.91%-20.65%SN114
30 days+89.46%+3.32%SN114

Correlation

0.34over 28 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	SN114	SN53
Max drawdown (400d)	-15.8%	-41.8%
Risk-adjusted return (90d)	0.58	0.06

Relative strength over 90 days: SN114 outperformed SN53 by 47.8% — measured on the SN114/SN53 ratio, so it holds regardless of market direction.

Level 114 →EfficientFrontier →