Merit vs lium

lium (SN51) is 53.1× the size of Merit (SN73) by market capitalisation. Over the past 30 days, SN73 is ahead by 10.8 percentage points (SN73 +26.9% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.88 across 23 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN73's 120%.

Correlation: 0.88
Size ratio: 1 : 53.1
Ahead over 30 days: SN73

MeritSN73

$0.607220

24h: +0.35%
Market cap: $2.63M
Volume 24h: $9,500
Volatility (ann.): 120%

liumSN51

$27.5600

24h: +5.18%
Market cap: $139.62M
Volume 24h: $3.32M
Volatility (ann.): 140%

SN73 1.8%Share of the two combined market caps98.2% SN51

Performance

SN73SN51

7 days-2.82%-13.99%SN73
30 days+26.92%+16.13%SN73

Correlation

0.88over 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	SN73	SN51
Max drawdown (400d)	-26.3%	-19.1%
Risk-adjusted return (90d)	0.22	0.59

Relative strength over 90 days: SN51 outperformed SN73 by 11.1% — measured on the SN73/SN51 ratio, so it holds regardless of market direction.

Merit →lium →