Nuance vs EfficientFrontier

EfficientFrontier (SN53) is 5.3× the size of Nuance (SN23) by market capitalisation. Over the past 30 days, SN23 is ahead by 33.6 percentage points (SN23 +56.3% against SN53 +22.7%). Their daily returns move closely together (correlation 0.69 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN23's 123%.

Correlation: 0.69
Size ratio: 1 : 5.3
Ahead over 30 days: SN23

NuanceSN23

$1.4700

24h: -5.61%
Market cap: $7.43M
Volume 24h: $76,306
Volatility (ann.): 123%

EfficientFrontierSN53

$6.7300

24h: -2.51%
Market cap: $39.33M
Volume 24h: $1.70M
Volatility (ann.): 200%

SN23 15.9%Share of the two combined market caps84.1% SN53

Performance

SN23SN53

7 days+14.39%-14.51%SN23
30 days+56.31%+22.72%SN23

Correlation

0.69over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6990d: 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	SN23	SN53
Max drawdown (400d)	-20.5%	-40.6%
Risk-adjusted return (90d)	0.46	0.09

Relative strength over 90 days: SN23 outperformed SN53 by 19.8% — measured on the SN23/SN53 ratio, so it holds regardless of market direction.

Nuance →EfficientFrontier →