OpenKaito vs EfficientFrontier

EfficientFrontier (SN53) is 3.3× the size of OpenKaito (SN5) by market capitalisation. Over the past 30 days, SN5 is ahead by 5.4 percentage points (SN5 +28.1% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.37 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN5's 101%.

Correlation: 0.37
Size ratio: 1 : 3.3
Ahead over 30 days: SN5

OpenKaitoSN5

$2.7200

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

EfficientFrontierSN53

$7.1100

24h: +0.62%
Market cap: $41.55M
Volume 24h: $2.60M
Volatility (ann.): 200%

SN5 23.3%Share of the two combined market caps76.7% SN53

Performance

SN5SN53

7 days+0.78%-14.51%SN5
30 days+28.15%+22.72%SN5

Correlation

0.37over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	SN53
Max drawdown (400d)	-17.8%	-40.6%
Risk-adjusted return (90d)	0.28	0.09

Relative strength over 90 days: SN53 outperformed SN5 by 0.0% — measured on the SN5/SN53 ratio, so it holds regardless of market direction.

OpenKaito →EfficientFrontier →