SolMev vs Chutes

Chutes (SN64) is 37.7× the size of SolMev (SN116) by market capitalisation. Over the past 30 days, SN64 is ahead by 55.0 percentage points (SN116 -61.9% against SN64 -6.9%). Their daily returns move loosely in opposite directions (correlation -0.52 across 21 shared trading days). SN116 has been the more volatile of the two, at 212% annualised against SN64's 141%.

Correlation: -0.52
Size ratio: 1 : 37.7
Ahead over 30 days: SN64

SolMevSN116

$9.4700

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

ChutesSN64

$15.3300

24h: +1.65%
Market cap: $97.02M
Volume 24h: $351,621
Volatility (ann.): 141%

SN116 2.6%Share of the two combined market caps97.4% SN64

Performance

SN116SN64

7 days-6.29%-11.80%SN116
30 days-61.93%-6.90%SN64

Correlation

-0.52over 21 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	SN64
Max drawdown (400d)	-66.9%	-32.6%
Risk-adjusted return (90d)	-0.29	0.00

Relative strength over 90 days: SN64 outperformed SN116 by 70.8% — measured on the SN116/SN64 ratio, so it holds regardless of market direction.

SolMev →Chutes →