AEROBUD vs SPX6900

SPX6900 (SPX) is 716.4× the size of AEROBUD (AEROBUD) by market capitalisation. Over the past 30 days, SPX is ahead by 6.8 percentage points (AEROBUD -31.2% against SPX -24.3%). Their daily returns move barely together (correlation 0.18 across 28 shared trading days). AEROBUD has been the more volatile of the two, at 177% annualised against SPX's 113%.

Correlation: 0.18
Size ratio: 1 : 716.4
Ahead over 30 days: SPX

AEROBUDAEROBUD

$0.000503

24h: -15.03%
Market cap: $502,584
Volume 24h: $8,189
Volatility (ann.): 177%

SPX6900SPX

$0.386643

24h: +7.67%
Market cap: $360.04M
Volume 24h: $8.43M
Volatility (ann.): 113%

AEROBUD 0.1%Share of the two combined market caps99.9% SPX

Performance

AEROBUDSPX

7 days-18.79%-3.77%SPX
30 days-31.16%-24.31%SPX

Correlation

0.18over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	AEROBUD	SPX
Max drawdown (400d)	-50.1%	-42.9%
Risk-adjusted return (90d)	-0.23	0.14

Relative strength over 90 days: SPX outperformed AEROBUD by 11.8% — measured on the AEROBUD/SPX ratio, so it holds regardless of market direction.

AEROBUD →SPX6900 →