Neuberger Securitize High Income Tokenized Fund vs Securitize Tokenized AAA CLO Fund

Securitize Tokenized AAA CLO Fund (STAC) is 5.7× the size of Neuberger Securitize High Income Tokenized Fund (HINC) by market capitalisation. Over the past 30 days, STAC is ahead by 2.6 percentage points (HINC -2.0% against STAC +0.6%). Their daily returns move barely in opposite directions (correlation -0.24 across 24 shared trading days). HINC has been the more volatile of the two, at 3% annualised against STAC's 1%.

Correlation: -0.24
Size ratio: 1 : 5.7
Ahead over 30 days: STAC

Neuberger Securitize High Income Tokenized FundHINC

$979.2700

24h: -0.11%
Market cap: $18.41M
Volume 24h: —
Volatility (ann.): 3%

Securitize Tokenized AAA CLO FundSTAC

$1,039

24h: +0.02%
Market cap: $104.76M
Volume 24h: —
Volatility (ann.): 1%

HINC 14.9%Share of the two combined market caps85.1% STAC

Performance

HINCSTAC

7 days-0.99%+0.12%STAC
30 days-1.99%+0.59%STAC

Correlation

-0.24over 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	HINC	STAC
Max drawdown (400d)	-2.0%	-0.2%
Risk-adjusted return (90d)	-0.62	0.83

Relative strength over 90 days: STAC outperformed HINC by 2.4% — measured on the HINC/STAC ratio, so it holds regardless of market direction.

Neuberger Securitize High Income Tokenized Fund →Securitize Tokenized AAA CLO Fund →