NI Compute vs EfficientFrontier

EfficientFrontier (SN53) is 15.9× the size of NI Compute (SN27) by market capitalisation. Over the past 30 days, SN53 is ahead by 11.7 percentage points (SN27 +11.0% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.35 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN27's 105%.

Correlation: 0.35
Size ratio: 1 : 15.9
Ahead over 30 days: SN53

NI ComputeSN27

$0.510257

24h: -0.01%
Market cap: $2.53M
Volume 24h: $25,680
Volatility (ann.): 105%

EfficientFrontierSN53

$6.8800

24h: -2.34%
Market cap: $40.24M
Volume 24h: $2.28M
Volatility (ann.): 200%

SN27 5.9%Share of the two combined market caps94.1% SN53

Performance

SN27SN53

7 days-7.49%-14.51%SN27
30 days+10.98%+22.72%SN53

Correlation

0.35over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	SN27	SN53
Max drawdown (400d)	-22.9%	-40.6%
Risk-adjusted return (90d)	0.10	0.09

Relative strength over 90 days: SN53 outperformed SN27 by 14.6% — measured on the SN27/SN53 ratio, so it holds regardless of market direction.

NI Compute →EfficientFrontier →