Neza vs EfficientFrontier

EfficientFrontier (SN53) is 166.0× the size of Neza (SN99) by market capitalisation. Over the past 30 days, SN53 is ahead by 65.2 percentage points (SN99 -61.9% against SN53 +3.3%). Their daily returns move barely together (correlation 0.07 across 23 shared trading days). SN53 has been the more volatile of the two, at 198% annualised against SN99's 151%.

Correlation: 0.07
Size ratio: 1 : 166.0
Ahead over 30 days: SN53

NezaSN99

$0.260531

24h: +2.08%
Market cap: $240,007
Volume 24h: $22,650
Volatility (ann.): 151%

EfficientFrontierSN53

$6.8100

24h: +1.30%
Market cap: $39.84M
Volume 24h: $2.55M
Volatility (ann.): 198%

SN99 0.6%Share of the two combined market caps99.4% SN53

Performance

SN99SN53

7 days-42.18%-20.65%SN53
30 days-61.92%+3.32%SN53

Correlation

0.07over 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	SN99	SN53
Max drawdown (400d)	-63.6%	-41.8%
Risk-adjusted return (90d)	-0.41	0.06

Relative strength over 90 days: SN53 outperformed SN99 by 61.9% — measured on the SN99/SN53 ratio, so it holds regardless of market direction.

Neza →EfficientFrontier →