Liquidity vs Chutes

Chutes (SN64) is 16.2× the size of Liquidity (SN77) by market capitalisation. Over the past 30 days, SN77 is ahead by 17.6 percentage points (SN77 +10.7% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.95 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN77's 102%.

Correlation: 0.95
Size ratio: 1 : 16.2
Ahead over 30 days: SN77

LiquiditySN77

$1.0370

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

ChutesSN64

$15.3500

24h: +3.74%
Market cap: $97.16M
Volume 24h: $213,953
Volatility (ann.): 141%

SN77 5.8%Share of the two combined market caps94.2% SN64

Performance

SN77SN64

7 days-2.52%-11.80%SN77
30 days+10.71%-6.90%SN77

Correlation

0.95over 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	SN64
Max drawdown (400d)	-21.2%	-32.6%
Risk-adjusted return (90d)	0.10	0.00

Relative strength over 90 days: SN64 outperformed SN77 by 7.0% — measured on the SN77/SN64 ratio, so it holds regardless of market direction.

Liquidity →Chutes →