Record Nexus vs Spiko Amundi Overnight Swap Fund (EUR)

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is 39900.8× the size of Record Nexus (RECORD) by market capitalisation. Over the past 30 days, RECORD is ahead by 427.6 percentage points (RECORD +425.0% against EURSAFO -2.6%). Their daily returns move barely together (correlation 0.12 across 24 shared trading days). RECORD has been the more volatile of the two, at 250% annualised against EURSAFO's 9%.

Correlation: 0.12
Size ratio: 1 : 39900.8
Ahead over 30 days: RECORD

Record NexusRECORD

$4.702e-5

24h: +7.24%
Market cap: $47,026
Volume 24h: $3
Volatility (ann.): 250%

Spiko Amundi Overnight Swap Fund (EUR)EURSAFO

$1.1400

24h: +0.03%
Market cap: $1.88B
Volume 24h: —
Volatility (ann.): 9%

RECORD 0.0%Share of the two combined market caps100.0% EURSAFO

Performance

RECORDEURSAFO

7 days-6.38%+0.88%EURSAFO
30 days+425.02%-2.56%RECORD

Correlation

0.12over 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	RECORD	EURSAFO
Max drawdown (400d)	-18.3%	-4.2%
Risk-adjusted return (90d)	1.87	-0.27

Relative strength over 90 days: RECORD outperformed EURSAFO by 122.4% — measured on the RECORD/EURSAFO ratio, so it holds regardless of market direction.

Record Nexus →Spiko Amundi Overnight Swap Fund (EUR) →