OpenKaito vs affine

affine (SN120) is 3.5× the size of OpenKaito (SN5) by market capitalisation. Over the past 30 days, SN5 is ahead by 47.8 percentage points (SN5 +28.1% against SN120 -19.7%). Their daily returns move very closely together (correlation 0.86 across 26 shared trading days). SN120 has been the more volatile of the two, at 118% annualised against SN5's 101%.

Correlation: 0.86
Size ratio: 1 : 3.5
Ahead over 30 days: SN5

OpenKaitoSN5

$2.7200

24h: -0.23%
Market cap: $12.64M
Volume 24h: $14,410
Volatility (ann.): 101%

affineSN120

$10.0400

24h: +6.08%
Market cap: $44.66M
Volume 24h: $723,204
Volatility (ann.): 118%

SN5 22.1%Share of the two combined market caps77.9% SN120

Performance

SN5SN120

7 days+0.78%-13.26%SN5
30 days+28.15%-19.70%SN5

Correlation

0.86over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8690d: 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	SN5	SN120
Max drawdown (400d)	-17.8%	-37.7%
Risk-adjusted return (90d)	0.28	-0.16

Relative strength over 90 days: SN5 outperformed SN120 by 7.4% — measured on the SN5/SN120 ratio, so it holds regardless of market direction.

OpenKaito →affine →