Blockmachine vs EfficientFrontier

EfficientFrontier (SN53) is 3.7× the size of Blockmachine (SN19) by market capitalisation. Over the past 30 days, SN53 is ahead by 10.2 percentage points (SN19 +12.6% against SN53 +22.7%). Their daily returns move barely together (correlation 0.30 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN19's 106%.

Correlation: 0.30
Size ratio: 1 : 3.7
Ahead over 30 days: SN53

BlockmachineSN19

$2.0200

24h: -0.29%
Market cap: $10.82M
Volume 24h: $10,573
Volatility (ann.): 106%

EfficientFrontierSN53

$6.8800

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

SN19 21.2%Share of the two combined market caps78.8% SN53

Performance

SN19SN53

7 days-2.46%-14.51%SN19
30 days+12.55%+22.72%SN53

Correlation

0.30over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	SN19	SN53
Max drawdown (400d)	-22.8%	-40.6%
Risk-adjusted return (90d)	0.12	0.09

Relative strength over 90 days: SN53 outperformed SN19 by 12.2% — measured on the SN19/SN53 ratio, so it holds regardless of market direction.

Blockmachine →EfficientFrontier →