SolMev vs affine

affine (SN120) is 17.0× the size of SolMev (SN116) by market capitalisation. Over the past 30 days, SN120 is ahead by 42.2 percentage points (SN116 -61.9% against SN120 -19.7%). Their daily returns move barely together (correlation 0.12 across 23 shared trading days). SN116 has been the more volatile of the two, at 212% annualised against SN120's 118%.

Correlation: 0.12
Size ratio: 1 : 17.0
Ahead over 30 days: SN120

SolMevSN116

$9.4700

24h: +15.99%
Market cap: $2.58M
Volume 24h: $324,322
Volatility (ann.): 212%

affineSN120

$9.8500

24h: +3.96%
Market cap: $43.80M
Volume 24h: $708,964
Volatility (ann.): 118%

SN116 5.6%Share of the two combined market caps94.4% SN120

Performance

SN116SN120

7 days-6.29%-13.26%SN116
30 days-61.93%-19.70%SN120

Correlation

0.12over 23 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	SN116	SN120
Max drawdown (400d)	-66.9%	-37.7%
Risk-adjusted return (90d)	-0.29	-0.16

Relative strength over 90 days: SN120 outperformed SN116 by 71.3% — measured on the SN116/SN120 ratio, so it holds regardless of market direction.

SolMev →affine →