True Performance Network vs Chutes

Chutes (SN64) is 28.5× the size of True Performance Network (SN65) by market capitalisation. Over the past 30 days, SN65 is ahead by 0.9 percentage points (SN65 -6.0% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.91 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN65's 107%.

Correlation: 0.91
Size ratio: 1 : 28.5
Ahead over 30 days: SN65

True Performance NetworkSN65

$0.666170

24h: -4.36%
Market cap: $3.40M
Volume 24h: $720,786
Volatility (ann.): 107%

ChutesSN64

$15.3300

24h: +1.65%
Market cap: $97.02M
Volume 24h: $351,621
Volatility (ann.): 141%

SN65 3.4%Share of the two combined market caps96.6% SN64

Performance

SN65SN64

7 days-0.65%-11.80%SN65
30 days-5.96%-6.90%SN65

Correlation

0.91over 23 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	SN65	SN64
Max drawdown (400d)	-28.3%	-32.6%
Risk-adjusted return (90d)	-0.06	0.00

Relative strength over 90 days: SN64 outperformed SN65 by 21.3% — measured on the SN65/SN64 ratio, so it holds regardless of market direction.

True Performance Network →Chutes →