Swarm vs EfficientFrontier

EfficientFrontier (SN53) is 4.8× the size of Swarm (SN124) by market capitalisation. Over the past 30 days, SN53 is ahead by 19.2 percentage points (SN124 +3.5% against SN53 +22.7%). Their daily returns move barely together (correlation 0.17 across 28 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN124's 111%.

Correlation: 0.17
Size ratio: 1 : 4.8
Ahead over 30 days: SN53

SwarmSN124

$1.9700

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

EfficientFrontierSN53

$6.8800

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

SN124 17.2%Share of the two combined market caps82.8% SN53

Performance

SN124SN53

7 days-4.23%-14.51%SN124
30 days+3.52%+22.72%SN53

Correlation

0.17over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	SN53
Max drawdown (400d)	-22.1%	-40.6%
Risk-adjusted return (90d)	0.03	0.09

Relative strength over 90 days: SN53 outperformed SN124 by 19.3% — measured on the SN124/SN53 ratio, so it holds regardless of market direction.

Swarm →EfficientFrontier →