Andy vs SPX6900

SPX6900 (SPX) is 1245.5× the size of Andy (ANDY) by market capitalisation. Over the past 30 days, ANDY is ahead by 6.9 percentage points (ANDY -15.6% against SPX -22.5%). Their daily returns move barely together (correlation 0.08 across 24 shared trading days). SPX has been the more volatile of the two, at 112% annualised against ANDY's 69%.

Correlation: 0.08
Size ratio: 1 : 1245.5
Ahead over 30 days: ANDY

AndyANDY

$0.000277

24h: +6.07%
Market cap: $277,173
Volume 24h: $235
Volatility (ann.): 69%

SPX6900SPX

$0.370790

24h: -0.34%
Market cap: $345.22M
Volume 24h: $7.58M
Volatility (ann.): 112%

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

Performance

ANDYSPX

7 days-7.59%-5.36%SPX
30 days-15.55%-22.50%ANDY

Correlation

0.08over 24 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	ANDY	SPX
Max drawdown (400d)	-31.8%	-42.9%
Risk-adjusted return (90d)	-0.42	0.16

Relative strength over 90 days: SPX outperformed ANDY by 17.4% — measured on the ANDY/SPX ratio, so it holds regardless of market direction.

Andy →SPX6900 →