SubVortex vs Chutes

Chutes (SN64) is 34.5× the size of SubVortex (SN7) by market capitalisation. Over the past 30 days, SN7 is ahead by 4.2 percentage points (SN7 -2.7% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.92 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN7's 106%.

Correlation: 0.92
Size ratio: 1 : 34.5
Ahead over 30 days: SN7

SubVortexSN7

$0.512035

24h: -0.63%
Market cap: $2.83M
Volume 24h: $12,856
Volatility (ann.): 106%

ChutesSN64

$15.4100

24h: +3.84%
Market cap: $97.50M
Volume 24h: $212,104
Volatility (ann.): 141%

SN7 2.8%Share of the two combined market caps97.2% SN64

Performance

SN7SN64

7 days-3.82%-11.80%SN7
30 days-2.70%-6.90%SN7

Correlation

0.92over 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	SN7	SN64
Max drawdown (400d)	-28.1%	-32.6%
Risk-adjusted return (90d)	-0.03	0.00

Relative strength over 90 days: SN64 outperformed SN7 by 18.5% — measured on the SN7/SN64 ratio, so it holds regardless of market direction.

SubVortex →Chutes →