Swop vs Concordium

Swop (SWOP) is 1.7× the size of Concordium (CCD) by market capitalisation. Over the past 30 days, SWOP is ahead by 25.3 percentage points (SWOP -3.7% against CCD -29.0%). Their daily returns move barely in opposite directions (correlation -0.07 across 22 shared trading days). CCD has been the more volatile of the two, at 91% annualised against SWOP's 13%.

Correlation: -0.07
Size ratio: 1.7×
Ahead over 30 days: SWOP

SwopSWOP

$0.005922

24h: +0.00%
Market cap: $59.22M
Volume 24h: —
Volatility (ann.): 13%

ConcordiumCCD

$0.002661

24h: +0.55%
Market cap: $33.99M
Volume 24h: $113,861
Volatility (ann.): 91%

SWOP 63.5%Share of the two combined market caps36.5% CCD

Performance

SWOPCCD

7 days-1.25%-14.92%SWOP
30 days-3.74%-29.00%SWOP

Correlation

-0.07over 22 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	SWOP	CCD
Max drawdown (400d)	-5.5%	-36.5%
Risk-adjusted return (90d)	-0.22	-0.27

Relative strength over 90 days: SWOP outperformed CCD by 41.8% — measured on the SWOP/CCD ratio, so it holds regardless of market direction.

Swop →Concordium →