True Performance Network vs EfficientFrontier

EfficientFrontier (SN53) is 11.9× the size of True Performance Network (SN65) by market capitalisation. Over the past 30 days, SN53 is ahead by 28.7 percentage points (SN65 -6.0% against SN53 +22.7%). Their daily returns move loosely together (correlation 0.39 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN65's 107%.

Correlation: 0.39
Size ratio: 1 : 11.9
Ahead over 30 days: SN53

True Performance NetworkSN65

$0.666170

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

EfficientFrontierSN53

$6.9400

24h: -1.85%
Market cap: $40.51M
Volume 24h: $2.43M
Volatility (ann.): 200%

SN65 7.7%Share of the two combined market caps92.3% SN53

Performance

SN65SN53

7 days-0.65%-14.51%SN65
30 days-5.96%+22.72%SN53

Correlation

0.39over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	SN53
Max drawdown (400d)	-28.3%	-40.6%
Risk-adjusted return (90d)	-0.06	0.09

Relative strength over 90 days: SN53 outperformed SN65 by 27.8% — measured on the SN65/SN53 ratio, so it holds regardless of market direction.

True Performance Network →EfficientFrontier →