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

Spiko Amundi Overnight Swap Fund (SAFO) is 19.0× the size of Spiko Amundi Overnight Swap Fund (CHF) (CHFSAFO) by market capitalisation. Over the past 30 days, SAFO is ahead by 3.8 percentage points (CHFSAFO -3.2% against SAFO +0.6%). Their daily returns move barely in opposite directions (correlation -0.29 across 21 shared trading days). CHFSAFO has been the more volatile of the two, at 10% annualised against SAFO's 1%.

Correlation: -0.29
Size ratio: 1 : 19.0
Ahead over 30 days: SAFO

Spiko Amundi Overnight Swap Fund (CHF)CHFSAFO

$1.2300

24h: +0.60%
Market cap: $12.64M
Volume 24h: —
Volatility (ann.): 10%

Spiko Amundi Overnight Swap FundSAFO

$1.0270

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

CHFSAFO 5.0%Share of the two combined market caps95.0% SAFO

Performance

CHFSAFOSAFO

7 days-0.83%+0.10%SAFO
30 days-3.23%+0.59%SAFO

Correlation

-0.29over 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	CHFSAFO	SAFO
Max drawdown (400d)	-3.2%	0.0%
Risk-adjusted return (90d)	-0.33	1.13

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

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