SubVortex vs Targon

Targon (SN4) is 27.9× the size of SubVortex (SN7) by market capitalisation. Over the past 30 days, SN7 is ahead by 1.9 percentage points (SN7 -2.7% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.93 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN7's 106%.

Correlation: 0.93
Size ratio: 1 : 27.9
Ahead over 30 days: SN7

SubVortexSN7

$0.512035

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

TargonSN4

$13.3400

24h: +2.76%
Market cap: $78.78M
Volume 24h: $855,681
Volatility (ann.): 134%

SN7 3.5%Share of the two combined market caps96.5% SN4

Performance

SN7SN4

7 days-3.82%-13.99%SN7
30 days-2.70%-4.59%SN7

Correlation

0.93over 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	SN4
Max drawdown (400d)	-28.1%	-24.4%
Risk-adjusted return (90d)	-0.03	0.17

Relative strength over 90 days: SN4 outperformed SN7 by 21.0% — measured on the SN7/SN4 ratio, so it holds regardless of market direction.

SubVortex →Targon →