OpenKaito vs Chutes

Chutes (SN64) is 8.0× the size of OpenKaito (SN5) by market capitalisation. Over the past 30 days, SN5 is ahead by 35.0 percentage points (SN5 +28.1% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.97 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN5's 101%.

Correlation: 0.97
Size ratio: 1 : 8.0
Ahead over 30 days: SN5

OpenKaitoSN5

$2.7200

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

ChutesSN64

$15.9200

24h: +5.50%
Market cap: $100.74M
Volume 24h: $362,901
Volatility (ann.): 141%

SN5 11.1%Share of the two combined market caps88.9% SN64

Performance

SN5SN64

7 days+0.78%-11.80%SN5
30 days+28.15%-6.90%SN5

Correlation

0.97over 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	SN5	SN64
Max drawdown (400d)	-17.8%	-32.6%
Risk-adjusted return (90d)	0.28	0.00

Relative strength over 90 days: SN5 outperformed SN64 by 7.7% — measured on the SN5/SN64 ratio, so it holds regardless of market direction.

OpenKaito →Chutes →