Taoillium vs Chutes

Chutes (SN64) is 119.3× the size of Taoillium (SN109) by market capitalisation. Over the past 30 days, SN109 is ahead by 14.4 percentage points (SN109 +7.5% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.89 across 22 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN109's 120%.

Correlation: 0.89
Size ratio: 1 : 119.3
Ahead over 30 days: SN109

TaoilliumSN109

$0.509940

24h: -0.18%
Market cap: $815,991
Volume 24h: $6,463
Volatility (ann.): 120%

ChutesSN64

$15.3800

24h: +1.59%
Market cap: $97.32M
Volume 24h: $359,086
Volatility (ann.): 141%

SN109 0.8%Share of the two combined market caps99.2% SN64

Performance

SN109SN64

7 days+0.98%-11.80%SN109
30 days+7.55%-6.90%SN109

Correlation

0.89over 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	SN109	SN64
Max drawdown (400d)	-28.0%	-32.6%
Risk-adjusted return (90d)	0.06	0.00

Relative strength over 90 days: SN64 outperformed SN109 by 16.0% — measured on the SN109/SN64 ratio, so it holds regardless of market direction.

Taoillium →Chutes →