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

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is 31.9× the size of Spiko Amundi Overnight Swap Fund (GBP) (GBPSAFO) by market capitalisation. Over the past 30 days, GBPSAFO is ahead by 2.6 percentage points (GBPSAFO +0.0% against EURSAFO -2.6%). Their daily returns move loosely together (correlation 0.49 across 48 shared trading days). EURSAFO has been the more volatile of the two, at 10% annualised against GBPSAFO's 8%.

Correlation: 0.49
Size ratio: 1 : 31.9
Ahead over 30 days: GBPSAFO

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 Fund (EUR)EURSAFO

$1.1400

24h: +0.58%
Market cap: $1.87B
Volume 24h: —
Volatility (ann.): 10%

GBPSAFO 3.0%Share of the two combined market caps97.0% EURSAFO

Performance

GBPSAFOEURSAFO

7 days+0.73%+0.88%EURSAFO
30 days+0.00%-2.56%GBPSAFO

Correlation

0.49over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 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	EURSAFO
Max drawdown (400d)	-2.9%	-4.2%
Risk-adjusted return (90d)	-0.09	-0.27

Relative strength over 90 days: GBPSAFO outperformed EURSAFO by 2.8% — measured on the GBPSAFO/EURSAFO ratio, so it holds regardless of market direction.

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