Instant Inference vs Chutes

Chutes (SN64) is 26.5× the size of Instant Inference (SN46) by market capitalisation. Over the past 30 days, SN46 is ahead by 33.0 percentage points (SN46 +26.1% against SN64 -6.9%). Their daily returns move closely together (correlation 0.67 across 23 shared trading days). Both have run at a similar volatility, around 141% annualised.

Correlation: 0.67
Size ratio: 1 : 26.5
Ahead over 30 days: SN46

Instant InferenceSN46

$0.729312

24h: +7.38%
Market cap: $3.67M
Volume 24h: $498,054
Volatility (ann.): 142%

ChutesSN64

$15.3500

24h: +4.34%
Market cap: $97.12M
Volume 24h: $190,954
Volatility (ann.): 141%

SN46 3.6%Share of the two combined market caps96.4% SN64

Performance

SN46SN64

7 days-3.78%-11.80%SN46
30 days+26.09%-6.90%SN46

Correlation

0.67over 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	SN46	SN64
Max drawdown (400d)	-18.1%	-32.6%
Risk-adjusted return (90d)	0.18	0.00

Relative strength over 90 days: SN46 outperformed SN64 by 4.1% — measured on the SN46/SN64 ratio, so it holds regardless of market direction.

Instant Inference →Chutes →