Synth vs Chutes

Chutes (SN64) is 22.5× the size of Synth (SN50) by market capitalisation. Over the past 30 days, SN64 is ahead by 10.0 percentage points (SN50 -16.9% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.88 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN50's 99%.

Correlation: 0.88
Size ratio: 1 : 22.5
Ahead over 30 days: SN64

SynthSN50

$0.797100

24h: +0.81%
Market cap: $4.46M
Volume 24h: $112,261
Volatility (ann.): 99%

ChutesSN64

$15.8700

24h: +4.43%
Market cap: $100.40M
Volume 24h: $494,634
Volatility (ann.): 141%

SN50 4.3%Share of the two combined market caps95.7% SN64

Performance

SN50SN64

7 days-3.28%-11.80%SN50
30 days-16.90%-6.90%SN64

Correlation

0.88over 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	SN50	SN64
Max drawdown (400d)	-32.0%	-32.6%
Risk-adjusted return (90d)	-0.17	0.00

Relative strength over 90 days: SN64 outperformed SN50 by 30.2% — measured on the SN50/SN64 ratio, so it holds regardless of market direction.

Synth →Chutes →