American Coin vs SPX6900

SPX6900 (SPX) is 267.3× the size of American Coin (USA) by market capitalisation. Over the past 30 days, SPX is ahead by 4.7 percentage points (USA -29.1% against SPX -24.3%). Their daily returns move loosely together (correlation 0.45 across 30 shared trading days). Both have run at a similar volatility, around 109% annualised.

Correlation: 0.45
Size ratio: 1 : 267.3
Ahead over 30 days: SPX

American CoinUSA

$1.111e-7

24h: -0.54%
Market cap: $1.29M
Volume 24h: $2,866
Volatility (ann.): 106%

SPX6900SPX

$0.370789

24h: +3.77%
Market cap: $345.12M
Volume 24h: $8.15M
Volatility (ann.): 113%

USA 0.4%Share of the two combined market caps99.6% SPX

Performance

USASPX

7 days-2.49%-3.77%USA
30 days-29.06%-24.31%SPX

Correlation

0.45over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	USA	SPX
Max drawdown (400d)	-38.1%	-42.9%
Risk-adjusted return (90d)	-0.35	0.14

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

American Coin →SPX6900 →