TensorUSD vs Targon

Targon (SN4) is 79.6× the size of TensorUSD (SN113) by market capitalisation. Over the past 30 days, SN113 is ahead by 0.4 percentage points (SN113 -4.2% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.85 across 22 shared trading days). Both have run at a similar volatility, around 137% annualised.

Correlation: 0.85
Size ratio: 1 : 79.6
Ahead over 30 days: SN113

TensorUSDSN113

$0.549545

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

TargonSN4

$13.2700

24h: +2.29%
Market cap: $78.33M
Volume 24h: $842,653
Volatility (ann.): 134%

SN113 1.2%Share of the two combined market caps98.8% SN4

Performance

SN113SN4

7 days+1.68%-13.99%SN113
30 days-4.16%-4.59%SN113

Correlation

0.85over 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	SN113	SN4
Max drawdown (400d)	-35.7%	-24.4%
Risk-adjusted return (90d)	-0.03	0.17

Relative strength over 90 days: SN4 outperformed SN113 by 24.7% — measured on the SN113/SN4 ratio, so it holds regardless of market direction.

TensorUSD →Targon →