SN21 AdTAO vs EfficientFrontier

EfficientFrontier (SN53) is 6.7× the size of SN21 AdTAO (SN21) by market capitalisation. Over the past 30 days, SN53 is ahead by 15.0 percentage points (SN21 +7.7% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.36 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN21's 132%.

Correlation: 0.36
Size ratio: 1 : 6.7
Ahead over 30 days: SN53

SN21 AdTAOSN21

$1.1100

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

EfficientFrontierSN53

$6.9300

24h: +0.12%
Market cap: $40.48M
Volume 24h: $1.59M
Volatility (ann.): 200%

SN21 13.0%Share of the two combined market caps87.0% SN53

Performance

SN21SN53

7 days-4.22%-14.51%SN21
30 days+7.72%+22.72%SN53

Correlation

0.36over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	SN53
Max drawdown (400d)	-22.6%	-40.6%
Risk-adjusted return (90d)	0.06	0.09

Relative strength over 90 days: SN53 outperformed SN21 by 17.5% — measured on the SN21/SN53 ratio, so it holds regardless of market direction.

SN21 AdTAO →EfficientFrontier →