RedTeam vs Chutes

Chutes (SN64) is 15.1× the size of RedTeam (SN61) by market capitalisation. Over the past 30 days, SN61 is ahead by 64.9 percentage points (SN61 +58.0% against SN64 -6.9%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). SN61 has been the more volatile of the two, at 199% annualised against SN64's 141%.

Correlation: -0.06
Size ratio: 1 : 15.1
Ahead over 30 days: SN61

RedTeamSN61

$1.1700

24h: -6.22%
Market cap: $6.60M
Volume 24h: $778,259
Volatility (ann.): 199%

ChutesSN64

$15.7900

24h: +4.61%
Market cap: $99.93M
Volume 24h: $402,090
Volatility (ann.): 141%

SN61 6.2%Share of the two combined market caps93.8% SN64

Performance

SN61SN64

7 days+15.69%-11.80%SN61
30 days+58.04%-6.90%SN61

Correlation

-0.06over 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	SN61	SN64
Max drawdown (400d)	-40.5%	-32.6%
Risk-adjusted return (90d)	0.29	0.00

Relative strength over 90 days: SN61 outperformed SN64 by 26.9% — measured on the SN61/SN64 ratio, so it holds regardless of market direction.

RedTeam →Chutes →