SN21 AdTAO vs Targon

Targon (SN4) is 12.9× the size of SN21 AdTAO (SN21) by market capitalisation. Over the past 30 days, SN21 is ahead by 12.3 percentage points (SN21 +7.7% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.95 across 23 shared trading days). Both have run at a similar volatility, around 133% annualised.

Correlation: 0.95
Size ratio: 1 : 12.9
Ahead over 30 days: SN21

SN21 AdTAOSN21

$1.1100

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

TargonSN4

$13.2100

24h: +2.31%
Market cap: $77.98M
Volume 24h: $689,648
Volatility (ann.): 134%

SN21 7.2%Share of the two combined market caps92.8% SN4

Performance

SN21SN4

7 days-4.22%-13.99%SN21
30 days+7.72%-4.59%SN21

Correlation

0.95over 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	SN4
Max drawdown (400d)	-22.6%	-24.4%
Risk-adjusted return (90d)	0.06	0.17

Relative strength over 90 days: SN4 outperformed SN21 by 12.8% — measured on the SN21/SN4 ratio, so it holds regardless of market direction.

SN21 AdTAO →Targon →