SolMev vs EfficientFrontier

EfficientFrontier (SN53) is 15.7× the size of SolMev (SN116) by market capitalisation. Over the past 30 days, SN53 is ahead by 84.6 percentage points (SN116 -61.9% against SN53 +22.7%). Their daily returns move barely together (correlation 0.06 across 25 shared trading days). Both have run at a similar volatility, around 206% annualised.

Correlation: 0.06
Size ratio: 1 : 15.7
Ahead over 30 days: SN53

SolMevSN116

$9.4700

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

EfficientFrontierSN53

$6.9400

24h: -1.85%
Market cap: $40.51M
Volume 24h: $2.43M
Volatility (ann.): 200%

SN116 6.0%Share of the two combined market caps94.0% SN53

Performance

SN116SN53

7 days-6.29%-14.51%SN116
30 days-61.93%+22.72%SN53

Correlation

0.06over 25 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	SN116	SN53
Max drawdown (400d)	-66.9%	-40.6%
Risk-adjusted return (90d)	-0.29	0.09

Relative strength over 90 days: SN53 outperformed SN116 by 75.1% — measured on the SN116/SN53 ratio, so it holds regardless of market direction.

SolMev →EfficientFrontier →