Mantis vs Chutes

Chutes (SN64) is 45.0× the size of Mantis (SN123) by market capitalisation. Over the past 30 days, SN123 is ahead by 20.1 percentage points (SN123 +13.2% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.96 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN123's 108%.

Correlation: 0.96
Size ratio: 1 : 45.0
Ahead over 30 days: SN123

MantisSN123

$0.515657

24h: +0.24%
Market cap: $2.24M
Volume 24h: $87,980
Volatility (ann.): 108%

ChutesSN64

$15.9100

24h: +4.76%
Market cap: $100.67M
Volume 24h: $492,961
Volatility (ann.): 141%

SN123 2.2%Share of the two combined market caps97.8% SN64

Performance

SN123SN64

7 days-5.37%-11.80%SN123
30 days+13.20%-6.90%SN123

Correlation

0.96over 23 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	SN123	SN64
Max drawdown (400d)	-24.9%	-32.6%
Risk-adjusted return (90d)	0.12	0.00

Relative strength over 90 days: SN64 outperformed SN123 by 5.3% — measured on the SN123/SN64 ratio, so it holds regardless of market direction.

Mantis →Chutes →