tensorprox vs EfficientFrontier

EfficientFrontier (SN53) is 27.2× the size of tensorprox (SN91) by market capitalisation. Over the past 30 days, SN53 is ahead by 38.4 percentage points (SN91 -15.7% against SN53 +22.7%). Their daily returns move barely in opposite directions (correlation -0.09 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN91's 148%.

Correlation: -0.09
Size ratio: 1 : 27.2
Ahead over 30 days: SN53

tensorproxSN91

$0.889039

24h: -3.13%
Market cap: $1.49M
Volume 24h: $306,201
Volatility (ann.): 148%

EfficientFrontierSN53

$6.9400

24h: -1.85%
Market cap: $40.51M
Volume 24h: $2.43M
Volatility (ann.): 200%

SN91 3.6%Share of the two combined market caps96.4% SN53

Performance

SN91SN53

7 days-15.20%-14.51%SN53
30 days-15.70%+22.72%SN53

Correlation

-0.09over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	SN91	SN53
Max drawdown (400d)	-43.5%	-40.6%
Risk-adjusted return (90d)	-0.11	0.09

Relative strength over 90 days: SN53 outperformed SN91 by 35.4% — measured on the SN91/SN53 ratio, so it holds regardless of market direction.

tensorprox →EfficientFrontier →