Chutes (SN64) is 20.5× the size of Omron (SN2) by market capitalisation. Over the past 30 days, SN2 is ahead by 35.6 percentage points (SN2 +28.7% against SN64 -6.9%). Their daily returns move closely together (correlation 0.84 across 23 shared trading days). Both have run at a similar volatility, around 135% annualised.
SN2SN64
0.84over 23 shared trading days
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.
| Metric | SN2 | SN64 |
|---|---|---|
| Max drawdown (400d) | -26.9% | -32.6% |
| Risk-adjusted return (90d) | 0.22 | 0.00 |
Relative strength over 90 days: SN2 outperformed SN64 by 7.7% — measured on the SN2/SN64 ratio, so it holds regardless of market direction.