OMEGA Labs vs Chutes

Chutes (SN64) is 6.3× the size of OMEGA Labs (SN24) by market capitalisation. Over the past 30 days, SN24 is ahead by 54.2 percentage points (SN24 +50.7% against SN64 -3.5%). Their daily returns move closely together (correlation 0.66 across 24 shared trading days). SN64 has been the more volatile of the two, at 140% annualised against SN24's 110%.

Correlation: 0.66
Size ratio: 1 : 6.3
Ahead over 30 days: SN24

OMEGA LabsSN24

$2.7100

24h: +1.98%
Market cap: $14.78M
Volume 24h: $987,248
Volatility (ann.): 110%

ChutesSN64

$14.8100

24h: -6.43%
Market cap: $93.82M
Volume 24h: $443,839
Volatility (ann.): 140%

SN24 13.6%Share of the two combined market caps86.4% SN64

Performance

SN24SN64

7 days-1.42%-8.16%SN24
30 days+50.75%-3.47%SN24

Correlation

0.66over 24 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	SN24	SN64
Max drawdown (400d)	-11.3%	-32.6%
Risk-adjusted return (90d)	0.46	0.03

Relative strength over 90 days: SN24 outperformed SN64 by 26.7% — measured on the SN24/SN64 ratio, so it holds regardless of market direction.

OMEGA Labs →Chutes →