Swarm vs Chutes

Chutes (SN64) is 11.7× the size of Swarm (SN124) by market capitalisation. Over the past 30 days, SN124 is ahead by 10.4 percentage points (SN124 +3.5% against SN64 -6.9%). Their daily returns move closely together (correlation 0.84 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN124's 111%.

Correlation: 0.84
Size ratio: 1 : 11.7
Ahead over 30 days: SN124

SwarmSN124

$1.9700

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

ChutesSN64

$15.3700

24h: +2.31%
Market cap: $97.37M
Volume 24h: $348,049
Volatility (ann.): 141%

SN124 7.9%Share of the two combined market caps92.1% SN64

Performance

SN124SN64

7 days-4.23%-11.80%SN124
30 days+3.52%-6.90%SN124

Correlation

0.84over 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	SN64
Max drawdown (400d)	-22.1%	-32.6%
Risk-adjusted return (90d)	0.03	0.00

Relative strength over 90 days: SN64 outperformed SN124 by 13.0% — measured on the SN124/SN64 ratio, so it holds regardless of market direction.

Swarm →Chutes →