Chutes (SN64) is 98.7× the size of TensorUSD (SN113) by market capitalisation. Over the past 30 days, SN113 is ahead by 2.7 percentage points (SN113 -4.2% against SN64 -6.9%). Their daily returns move closely together (correlation 0.85 across 22 shared trading days). Both have run at a similar volatility, around 141% annualised.
SN113SN64
0.85over 22 shared trading days
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.
| Metric | SN113 | SN64 |
|---|---|---|
| Max drawdown (400d) | -35.7% | -32.6% |
| Risk-adjusted return (90d) | -0.03 | 0.00 |
Relative strength over 90 days: SN64 outperformed SN113 by 23.8% — measured on the SN113/SN64 ratio, so it holds regardless of market direction.