Mantis vs EfficientFrontier

EfficientFrontier (SN53) is 18.1× the size of Mantis (SN123) by market capitalisation. Over the past 30 days, SN53 is ahead by 9.5 percentage points (SN123 +13.2% against SN53 +22.7%). Their daily returns move barely together (correlation 0.32 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN123's 108%.

Correlation: 0.32
Size ratio: 1 : 18.1
Ahead over 30 days: SN53

MantisSN123

$0.515657

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

EfficientFrontierSN53

$6.9200

24h: -2.48%
Market cap: $40.42M
Volume 24h: $3.25M
Volatility (ann.): 200%

SN123 5.2%Share of the two combined market caps94.8% SN53

Performance

SN123SN53

7 days-5.37%-14.51%SN123
30 days+13.20%+22.72%SN53

Correlation

0.32over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	SN53
Max drawdown (400d)	-24.9%	-40.6%
Risk-adjusted return (90d)	0.12	0.09

Relative strength over 90 days: SN53 outperformed SN123 by 13.2% — measured on the SN123/SN53 ratio, so it holds regardless of market direction.

Mantis →EfficientFrontier →