RedTeam vs EfficientFrontier

EfficientFrontier (SN53) is 6.2× the size of RedTeam (SN61) by market capitalisation. Over the past 30 days, SN61 is ahead by 35.3 percentage points (SN61 +58.0% against SN53 +22.7%). Their daily returns move barely together (correlation 0.06 across 28 shared trading days). Both have run at a similar volatility, around 200% annualised.

Correlation: 0.06
Size ratio: 1 : 6.2
Ahead over 30 days: SN61

RedTeamSN61

$1.1700

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

EfficientFrontierSN53

$7.0400

24h: -0.48%
Market cap: $41.10M
Volume 24h: $2.74M
Volatility (ann.): 200%

SN61 13.8%Share of the two combined market caps86.2% SN53

Performance

SN61SN53

7 days+15.69%-14.51%SN61
30 days+58.04%+22.72%SN61

Correlation

0.06over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	SN53
Max drawdown (400d)	-40.5%	-40.6%
Risk-adjusted return (90d)	0.29	0.09

Relative strength over 90 days: SN61 outperformed SN53 by 2.7% — measured on the SN61/SN53 ratio, so it holds regardless of market direction.

RedTeam →EfficientFrontier →