Targon vs EfficientFrontier

Targon (SN4) is 2.0× the size of EfficientFrontier (SN53) by market capitalisation. Over the past 30 days, SN53 is ahead by 4.3 percentage points (SN4 -1.0% against SN53 +3.3%). Their daily returns move closely together (correlation 0.81 across 49 shared trading days). SN53 has been the more volatile of the two, at 198% annualised against SN4's 133%.

Correlation: 0.81
Size ratio: 2.0×
Ahead over 30 days: SN53

TargonSN4

$13.7100

24h: +6.57%
Market cap: $81.17M
Volume 24h: $913,557
Volatility (ann.): 133%

EfficientFrontierSN53

$6.8900

24h: -2.94%
Market cap: $40.33M
Volume 24h: $3.27M
Volatility (ann.): 198%

SN4 66.8%Share of the two combined market caps33.2% SN53

Performance

SN4SN53

7 days-7.54%-20.65%SN4
30 days-1.02%+3.32%SN53

Correlation

0.81over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 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	SN4	SN53
Max drawdown (400d)	-24.4%	-41.8%
Risk-adjusted return (90d)	0.21	0.06

Relative strength over 90 days: SN53 outperformed SN4 by 8.8% — measured on the SN4/SN53 ratio, so it holds regardless of market direction.

Targon →EfficientFrontier →