Zeus vs Targon

Targon (SN4) is 16.6× the size of Zeus (SN18) by market capitalisation. Over the past 30 days, SN18 is ahead by 24.5 percentage points (SN18 +19.9% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.89 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN18's 116%.

Correlation: 0.89
Size ratio: 1 : 16.6
Ahead over 30 days: SN18

ZeusSN18

$0.817045

24h: +1.91%
Market cap: $4.70M
Volume 24h: $249,620
Volatility (ann.): 116%

TargonSN4

$13.2200

24h: +0.51%
Market cap: $78.15M
Volume 24h: $904,564
Volatility (ann.): 134%

SN18 5.7%Share of the two combined market caps94.3% SN4

Performance

SN18SN4

7 days-3.42%-13.99%SN18
30 days+19.91%-4.59%SN18

Correlation

0.89over 23 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	SN18	SN4
Max drawdown (400d)	-25.0%	-24.4%
Risk-adjusted return (90d)	0.17	0.17

Relative strength over 90 days: SN4 outperformed SN18 by 4.0% — measured on the SN18/SN4 ratio, so it holds regardless of market direction.

Zeus →Targon →