Sundae_Bar vs lium

lium (SN51) is 54.0× the size of Sundae_Bar (SN121) by market capitalisation. Over the past 30 days, SN51 is ahead by 2.9 percentage points (SN121 +13.2% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.89 across 23 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN121's 117%.

Correlation: 0.89
Size ratio: 1 : 54.0
Ahead over 30 days: SN51

Sundae_BarSN121

$0.765471

24h: +0.09%
Market cap: $2.50M
Volume 24h: $1,030
Volatility (ann.): 117%

liumSN51

$26.6400

24h: +3.01%
Market cap: $135.00M
Volume 24h: $4.12M
Volatility (ann.): 140%

SN121 1.8%Share of the two combined market caps98.2% SN51

Performance

SN121SN51

7 days-1.63%-13.99%SN121
30 days+13.19%+16.13%SN51

Correlation

0.89over 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	SN121	SN51
Max drawdown (400d)	-27.6%	-19.1%
Risk-adjusted return (90d)	0.11	0.59

Relative strength over 90 days: SN51 outperformed SN121 by 20.9% — measured on the SN121/SN51 ratio, so it holds regardless of market direction.

Sundae_Bar →lium →