Swarm vs lium

lium (SN51) is 16.2× the size of Swarm (SN124) by market capitalisation. Over the past 30 days, SN51 is ahead by 12.6 percentage points (SN124 +3.5% against SN51 +16.1%). Their daily returns move closely together (correlation 0.79 across 24 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN124's 111%.

Correlation: 0.79
Size ratio: 1 : 16.2
Ahead over 30 days: SN51

SwarmSN124

$1.9700

24h: -0.17%
Market cap: $8.34M
Volume 24h: $49,132
Volatility (ann.): 111%

liumSN51

$26.6500

24h: +3.40%
Market cap: $134.98M
Volume 24h: $4.54M
Volatility (ann.): 140%

SN124 5.8%Share of the two combined market caps94.2% SN51

Performance

SN124SN51

7 days-4.23%-13.99%SN124
30 days+3.52%+16.13%SN51

Correlation

0.79over 24 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	SN124	SN51
Max drawdown (400d)	-22.1%	-19.1%
Risk-adjusted return (90d)	0.03	0.59

Relative strength over 90 days: SN51 outperformed SN124 by 27.1% — measured on the SN124/SN51 ratio, so it holds regardless of market direction.

Swarm →lium →