Liquidity vs EfficientFrontier

EfficientFrontier (SN53) is 6.6× the size of Liquidity (SN77) by market capitalisation. Over the past 30 days, SN53 is ahead by 12.0 percentage points (SN77 +10.7% against SN53 +22.7%). Their daily returns move barely together (correlation 0.34 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN77's 102%.

Correlation: 0.34
Size ratio: 1 : 6.6
Ahead over 30 days: SN53

LiquiditySN77

$1.0370

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

EfficientFrontierSN53

$6.7300

24h: -2.51%
Market cap: $39.33M
Volume 24h: $1.70M
Volatility (ann.): 200%

SN77 13.2%Share of the two combined market caps86.8% SN53

Performance

SN77SN53

7 days-2.52%-14.51%SN77
30 days+10.71%+22.72%SN53

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	SN77	SN53
Max drawdown (400d)	-21.2%	-40.6%
Risk-adjusted return (90d)	0.10	0.09

Relative strength over 90 days: SN53 outperformed SN77 by 13.6% — measured on the SN77/SN53 ratio, so it holds regardless of market direction.

Liquidity →EfficientFrontier →