grail vs EfficientFrontier

EfficientFrontier (SN53) is 7.6× the size of grail (SN81) by market capitalisation. Over the past 30 days, SN53 is ahead by 19.0 percentage points (SN81 +3.7% against SN53 +22.7%). Their daily returns move barely together (correlation 0.14 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN81's 141%.

Correlation: 0.14
Size ratio: 1 : 7.6
Ahead over 30 days: SN53

grailSN81

$1.0870

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

EfficientFrontierSN53

$6.8000

24h: -2.00%
Market cap: $39.75M
Volume 24h: $1.40M
Volatility (ann.): 200%

SN81 11.7%Share of the two combined market caps88.3% SN53

Performance

SN81SN53

7 days-14.87%-14.51%SN53
30 days+3.75%+22.72%SN53

Correlation

0.14over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	SN53
Max drawdown (400d)	-26.0%	-40.6%
Risk-adjusted return (90d)	0.03	0.09

Relative strength over 90 days: SN53 outperformed SN81 by 19.1% — measured on the SN81/SN53 ratio, so it holds regardless of market direction.

grail →EfficientFrontier →