TensorUSD vs EfficientFrontier

EfficientFrontier (SN53) is 40.0× the size of TensorUSD (SN113) by market capitalisation. Over the past 30 days, SN53 is ahead by 26.9 percentage points (SN113 -4.2% against SN53 +22.7%). Their daily returns move barely together (correlation 0.08 across 26 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN113's 141%.

Correlation: 0.08
Size ratio: 1 : 40.0
Ahead over 30 days: SN53

TensorUSDSN113

$0.549545

24h: -2.23%
Market cap: $984,309
Volume 24h: $74,412
Volatility (ann.): 141%

EfficientFrontierSN53

$6.7400

24h: -2.94%
Market cap: $39.39M
Volume 24h: $1.86M
Volatility (ann.): 200%

SN113 2.4%Share of the two combined market caps97.6% SN53

Performance

SN113SN53

7 days+1.68%-14.51%SN113
30 days-4.16%+22.72%SN53

Correlation

0.08over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	SN113	SN53
Max drawdown (400d)	-35.7%	-40.6%
Risk-adjusted return (90d)	-0.03	0.09

Relative strength over 90 days: SN53 outperformed SN113 by 29.2% — measured on the SN113/SN53 ratio, so it holds regardless of market direction.

TensorUSD →EfficientFrontier →