grail vs Chutes

Chutes (SN64) is 18.6× the size of grail (SN81) by market capitalisation. Over the past 30 days, SN81 is ahead by 10.6 percentage points (SN81 +3.7% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.95 across 24 shared trading days). Both have run at a similar volatility, around 141% annualised.

Correlation: 0.95
Size ratio: 1 : 18.6
Ahead over 30 days: SN81

grailSN81

$1.0870

24h: -0.48%
Market cap: $5.25M
Volume 24h: $41,638
Volatility (ann.): 141%

ChutesSN64

$15.4300

24h: +4.70%
Market cap: $97.65M
Volume 24h: $193,330
Volatility (ann.): 141%

SN81 5.1%Share of the two combined market caps94.9% SN64

Performance

SN81SN64

7 days-14.87%-11.80%SN64
30 days+3.75%-6.90%SN81

Correlation

0.95over 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	SN81	SN64
Max drawdown (400d)	-26.0%	-32.6%
Risk-adjusted return (90d)	0.03	0.00

Relative strength over 90 days: SN64 outperformed SN81 by 12.8% — measured on the SN81/SN64 ratio, so it holds regardless of market direction.

grail →Chutes →