Spawn vs Geodnet

Geodnet (GEOD) is 3672.8× the size of Spawn (SPAWN) by market capitalisation. Over the past 30 days, SPAWN is ahead by 1363.3 percentage points (SPAWN +1369.6% against GEOD +6.4%). Their daily returns move loosely together (correlation 0.42 across 23 shared trading days). SPAWN has been the more volatile of the two, at 16877% annualised against GEOD's 74%.

Correlation: 0.42
Size ratio: 1 : 3672.8
Ahead over 30 days: SPAWN

SpawnSPAWN

$4.658e-5

24h: —
Market cap: $46,575
Volume 24h: $7
Volatility (ann.): 16877%

GeodnetGEOD

$0.229358

24h: -4.07%
Market cap: $171.06M
Volume 24h: $1.50M
Volatility (ann.): 74%

SPAWN 0.0%Share of the two combined market caps100.0% GEOD

Performance

SPAWNGEOD

7 days+8.89%-7.98%SPAWN
30 days+1369.63%+6.36%SPAWN

Correlation

0.42over 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	SPAWN	GEOD
Max drawdown (400d)	-97.1%	-19.6%
Risk-adjusted return (90d)	0.00	0.12

Relative strength over 90 days: GEOD outperformed SPAWN by 27.2% — measured on the SPAWN/GEOD ratio, so it holds regardless of market direction.

Spawn →Geodnet →