Bald vs SPX6900

SPX6900 (SPX) is 27.8× the size of Bald (BALD) by market capitalisation. Over the past 30 days, BALD is ahead by 12.9 percentage points (BALD -11.4% against SPX -24.3%). Their daily returns move loosely together (correlation 0.39 across 27 shared trading days). SPX has been the more volatile of the two, at 113% annualised against BALD's 66%.

Correlation: 0.39
Size ratio: 1 : 27.8
Ahead over 30 days: BALD

BaldBALD

$0.012399

24h: -0.13%
Market cap: $12.40M
Volume 24h: $27
Volatility (ann.): 66%

SPX6900SPX

$0.370770

24h: +4.55%
Market cap: $345.19M
Volume 24h: $8.57M
Volatility (ann.): 113%

BALD 3.5%Share of the two combined market caps96.5% SPX

Performance

BALDSPX

7 days-16.80%-3.77%SPX
30 days-11.42%-24.31%BALD

Correlation

0.39over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	BALD	SPX
Max drawdown (400d)	-20.3%	-42.9%
Risk-adjusted return (90d)	-0.14	0.14

Relative strength over 90 days: BALD outperformed SPX by 27.9% — measured on the BALD/SPX ratio, so it holds regardless of market direction.

Bald →SPX6900 →