Quantum Compute vs EfficientFrontier

EfficientFrontier (SN53) is 4.1× the size of Quantum Compute (SN48) by market capitalisation. Over the past 30 days, SN53 is ahead by 2.4 percentage points (SN48 +20.4% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.39 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN48's 99%.

Correlation: 0.39
Size ratio: 1 : 4.1
Ahead over 30 days: SN53

Quantum ComputeSN48

$1.8200

24h: +0.30%
Market cap: $10.04M
Volume 24h: $113,246
Volatility (ann.): 99%

EfficientFrontierSN53

$7.0800

24h: +0.00%
Market cap: $41.37M
Volume 24h: $2.52M
Volatility (ann.): 200%

SN48 19.5%Share of the two combined market caps80.5% SN53

Performance

SN48SN53

7 days-0.81%-14.51%SN48
30 days+20.35%+22.72%SN53

Correlation

0.39over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	SN48	SN53
Max drawdown (400d)	-20.9%	-40.6%
Risk-adjusted return (90d)	0.21	0.09

Relative strength over 90 days: SN53 outperformed SN48 by 7.9% — measured on the SN48/SN53 ratio, so it holds regardless of market direction.

Quantum Compute →EfficientFrontier →