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

Spiko Amundi Overnight Swap Fund (SAFO) is 4.1× the size of Spiko Amundi Overnight Swap Fund (GBP) (GBPSAFO) by market capitalisation. Over the past 30 days, SAFO is ahead by 0.6 percentage points (GBPSAFO +0.0% against SAFO +0.6%). Their daily returns move barely together (correlation 0.09 across 49 shared trading days). GBPSAFO has been the more volatile of the two, at 8% annualised against SAFO's 1%.

Correlation: 0.09
Size ratio: 1 : 4.1
Ahead over 30 days: SAFO

Spiko Amundi Overnight Swap Fund (GBP)GBPSAFO

$1.3800

24h: +0.53%
Market cap: $58.78M
Volume 24h: —
Volatility (ann.): 8%

Spiko Amundi Overnight Swap FundSAFO

$1.0270

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

GBPSAFO 19.6%Share of the two combined market caps80.4% SAFO

Performance

GBPSAFOSAFO

7 days+0.73%+0.10%GBPSAFO
30 days+0.00%+0.59%SAFO

Correlation

0.09over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	GBPSAFO	SAFO
Max drawdown (400d)	-2.9%	0.0%
Risk-adjusted return (90d)	-0.09	1.13

Relative strength over 90 days: SAFO outperformed GBPSAFO by 1.6% — measured on the GBPSAFO/SAFO ratio, so it holds regardless of market direction.

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