Spiko Amundi Overnight Swap Fund vs Spiko Amundi Overnight Swap Fund (EUR)

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is 7.8× the size of Spiko Amundi Overnight Swap Fund (SAFO) by market capitalisation. Over the past 30 days, SAFO is ahead by 3.2 percentage points (SAFO +0.6% against EURSAFO -2.6%). Their daily returns move barely in opposite directions (correlation -0.29 across 56 shared trading days). EURSAFO has been the more volatile of the two, at 10% annualised against SAFO's 1%.

Correlation: -0.29
Size ratio: 1 : 7.8
Ahead over 30 days: SAFO

Spiko Amundi Overnight Swap FundSAFO

$1.0270

24h: +0.01%
Market cap: $240.43M
Volume 24h: —
Volatility (ann.): 1%

Spiko Amundi Overnight Swap Fund (EUR)EURSAFO

$1.1400

24h: +0.65%
Market cap: $1.88B
Volume 24h: —
Volatility (ann.): 10%

SAFO 11.4%Share of the two combined market caps88.6% EURSAFO

Performance

SAFOEURSAFO

7 days+0.10%+0.88%EURSAFO
30 days+0.59%-2.56%SAFO

Correlation

-0.29over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3190d: 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	SAFO	EURSAFO
Max drawdown (400d)	0.0%	-4.2%
Risk-adjusted return (90d)	1.13	-0.27

Relative strength over 90 days: SAFO outperformed EURSAFO by 3.5% — measured on the SAFO/EURSAFO ratio, so it holds regardless of market direction.

Spiko Amundi Overnight Swap Fund →Spiko Amundi Overnight Swap Fund (EUR) →