WorldAssets vs Spiko Amundi Overnight Swap Fund (EUR)

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is 163.5× the size of WorldAssets (INC) by market capitalisation. Over the past 30 days, EURSAFO is ahead by 11.9 percentage points (INC -14.5% against EURSAFO -2.6%). Their daily returns move barely together (correlation 0.02 across 22 shared trading days). INC has been the more volatile of the two, at 31% annualised against EURSAFO's 10%.

Correlation: 0.02
Size ratio: 1 : 163.5
Ahead over 30 days: EURSAFO

WorldAssetsINC

$0.127439

24h: +17.33%
Market cap: $11.47M
Volume 24h: $66,479
Volatility (ann.): 31%

Spiko Amundi Overnight Swap Fund (EUR)EURSAFO

$1.1400

24h: +0.35%
Market cap: $1.87B
Volume 24h: —
Volatility (ann.): 10%

INC 0.6%Share of the two combined market caps99.4% EURSAFO

Performance

INCEURSAFO

7 days-0.35%+0.88%EURSAFO
30 days-14.49%-2.56%EURSAFO

Correlation

0.02over 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	INC	EURSAFO
Max drawdown (400d)	-15.2%	-4.2%
Risk-adjusted return (90d)	-0.47	-0.27

Relative strength over 90 days: EURSAFO outperformed INC by 13.0% — measured on the INC/EURSAFO ratio, so it holds regardless of market direction.

WorldAssets →Spiko Amundi Overnight Swap Fund (EUR) →