SN21 AdTAO vs Chutes

Chutes (SN64) is 16.1× the size of SN21 AdTAO (SN21) by market capitalisation. Over the past 30 days, SN21 is ahead by 14.6 percentage points (SN21 +7.7% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.93 across 23 shared trading days). Both have run at a similar volatility, around 136% annualised.

Correlation: 0.93
Size ratio: 1 : 16.1
Ahead over 30 days: SN21

SN21 AdTAOSN21

$1.1100

24h: +2.62%
Market cap: $6.05M
Volume 24h: $356,341
Volatility (ann.): 132%

ChutesSN64

$15.4300

24h: +4.70%
Market cap: $97.65M
Volume 24h: $193,330
Volatility (ann.): 141%

SN21 5.8%Share of the two combined market caps94.2% SN64

Performance

SN21SN64

7 days-4.22%-11.80%SN21
30 days+7.72%-6.90%SN21

Correlation

0.93over 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	SN21	SN64
Max drawdown (400d)	-22.6%	-32.6%
Risk-adjusted return (90d)	0.06	0.00

Relative strength over 90 days: SN64 outperformed SN21 by 10.0% — measured on the SN21/SN64 ratio, so it holds regardless of market direction.

SN21 AdTAO →Chutes →