Liquidity vs lium

lium (SN51) is 22.4× the size of Liquidity (SN77) by market capitalisation. Over the past 30 days, SN51 is ahead by 5.4 percentage points (SN77 +10.7% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.91 across 24 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN77's 102%.

Correlation: 0.91
Size ratio: 1 : 22.4
Ahead over 30 days: SN51

LiquiditySN77

$1.0370

24h: -0.20%
Market cap: $6.00M
Volume 24h: $1,200
Volatility (ann.): 102%

liumSN51

$26.5500

24h: +5.36%
Market cap: $134.51M
Volume 24h: $4.54M
Volatility (ann.): 140%

SN77 4.3%Share of the two combined market caps95.7% SN51

Performance

SN77SN51

7 days-2.52%-13.99%SN77
30 days+10.71%+16.13%SN51

Correlation

0.91over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SN77	SN51
Max drawdown (400d)	-21.2%	-19.1%
Risk-adjusted return (90d)	0.10	0.59

Relative strength over 90 days: SN51 outperformed SN77 by 22.0% — measured on the SN77/SN51 ratio, so it holds regardless of market direction.

Liquidity →lium →