Sundae_Bar vs EfficientFrontier

EfficientFrontier (SN53) is 16.1× the size of Sundae_Bar (SN121) by market capitalisation. Over the past 30 days, SN53 is ahead by 9.5 percentage points (SN121 +13.2% against SN53 +22.7%). Their daily returns move barely together (correlation 0.33 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN121's 117%.

Correlation: 0.33
Size ratio: 1 : 16.1
Ahead over 30 days: SN53

Sundae_BarSN121

$0.765471

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

EfficientFrontierSN53

$6.8800

24h: -2.34%
Market cap: $40.24M
Volume 24h: $2.28M
Volatility (ann.): 200%

SN121 5.8%Share of the two combined market caps94.2% SN53

Performance

SN121SN53

7 days-1.63%-14.51%SN121
30 days+13.19%+22.72%SN53

Correlation

0.33over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	SN53
Max drawdown (400d)	-27.6%	-40.6%
Risk-adjusted return (90d)	0.11	0.09

Relative strength over 90 days: SN53 outperformed SN121 by 13.4% — measured on the SN121/SN53 ratio, so it holds regardless of market direction.

Sundae_Bar →EfficientFrontier →