Toto Finance vs Spiko Amundi Overnight Swap Fund

Spiko Amundi Overnight Swap Fund (SAFO) is 175.0× the size of Toto Finance (TOTO) by market capitalisation. Over the past 30 days, TOTO is ahead by 70.3 percentage points (TOTO +70.9% against SAFO +0.6%). Their daily returns move barely in opposite directions (correlation -0.08 across 21 shared trading days). TOTO has been the more volatile of the two, at 587% annualised against SAFO's 1%.

Correlation: -0.08
Size ratio: 1 : 175.0
Ahead over 30 days: TOTO

Toto FinanceTOTO

$0.003962

24h: -1.87%
Market cap: $1.37M
Volume 24h: $476
Volatility (ann.): 587%

Spiko Amundi Overnight Swap FundSAFO

$1.0270

24h: +0.01%
Market cap: $240.43M
Volume 24h: —
Volatility (ann.): 1%

TOTO 0.6%Share of the two combined market caps99.4% SAFO

Performance

TOTOSAFO

7 days-4.52%+0.10%SAFO
30 days+70.93%+0.59%TOTO

Correlation

-0.08over 21 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	TOTO	SAFO
Max drawdown (400d)	-44.0%	0.0%
Risk-adjusted return (90d)	0.28	1.13

Relative strength over 90 days: SAFO outperformed TOTO by 44.2% — measured on the TOTO/SAFO ratio, so it holds regardless of market direction.

Toto Finance →Spiko Amundi Overnight Swap Fund →