Multi Asset Investment Vehicle vs Spiko Amundi Overnight Swap Fund (EUR)

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is 835.6× the size of Multi Asset Investment Vehicle (MAIV) by market capitalisation. Over the past 30 days, EURSAFO is ahead by 60.3 percentage points (MAIV -62.8% against EURSAFO -2.6%). Their daily returns move barely together (correlation 0.09 across 24 shared trading days). MAIV has been the more volatile of the two, at 569% annualised against EURSAFO's 10%.

Correlation: 0.09
Size ratio: 1 : 835.6
Ahead over 30 days: EURSAFO

Multi Asset Investment VehicleMAIV

$0.000224

24h: —
Market cap: $2.24M
Volume 24h: —
Volatility (ann.): 569%

Spiko Amundi Overnight Swap Fund (EUR)EURSAFO

$1.1400

24h: +0.57%
Market cap: $1.88B
Volume 24h: —
Volatility (ann.): 10%

MAIV 0.1%Share of the two combined market caps99.9% EURSAFO

Performance

MAIVEURSAFO

7 days-53.15%+0.88%EURSAFO
30 days-62.82%-2.56%EURSAFO

Correlation

0.09over 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	MAIV	EURSAFO
Max drawdown (400d)	-78.8%	-4.2%
Risk-adjusted return (90d)	-0.13	-0.27

Relative strength over 90 days: EURSAFO outperformed MAIV by 74.8% — measured on the MAIV/EURSAFO ratio, so it holds regardless of market direction.

Multi Asset Investment Vehicle →Spiko Amundi Overnight Swap Fund (EUR) →