RNA vs EfficientFrontier

EfficientFrontier (SN53) is 7.8× the size of RNA (SN117) by market capitalisation. Over the past 30 days, SN53 is ahead by 1.4 percentage points (SN117 +21.4% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.38 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN117's 161%.

Correlation: 0.38
Size ratio: 1 : 7.8
Ahead over 30 days: SN53

RNASN117

$1.7900

24h: -0.56%
Market cap: $5.12M
Volume 24h: $865,917
Volatility (ann.): 161%

EfficientFrontierSN53

$6.8500

24h: -3.54%
Market cap: $40.00M
Volume 24h: $3.18M
Volatility (ann.): 200%

SN117 11.4%Share of the two combined market caps88.6% SN53

Performance

SN117SN53

7 days-18.52%-14.51%SN53
30 days+21.37%+22.72%SN53

Correlation

0.38over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	SN117	SN53
Max drawdown (400d)	-28.8%	-40.6%
Risk-adjusted return (90d)	0.13	0.09

Relative strength over 90 days: SN53 outperformed SN117 by 3.8% — measured on the SN117/SN53 ratio, so it holds regardless of market direction.

RNA →EfficientFrontier →