Based Doge vs SPX6900

SPX6900 (SPX) is 45717.0× the size of Based Doge (BDOGE) by market capitalisation. Over the past 30 days, BDOGE is ahead by 4.2 percentage points (BDOGE -18.3% against SPX -22.5%). Their daily returns move barely together (correlation 0.19 across 24 shared trading days). SPX has been the more volatile of the two, at 112% annualised against BDOGE's 55%.

Correlation: 0.19
Size ratio: 1 : 45717.0
Ahead over 30 days: BDOGE

Based DogeBDOGE

$7.890e-6

24h: +6.52%
Market cap: $7,551
Volume 24h: $3
Volatility (ann.): 55%

SPX6900SPX

$0.370790

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

BDOGE 0.0%Share of the two combined market caps100.0% SPX

Performance

BDOGESPX

7 days+3.93%-5.36%BDOGE
30 days-18.28%-22.50%BDOGE

Correlation

0.19over 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	BDOGE	SPX
Max drawdown (400d)	-25.6%	-42.9%
Risk-adjusted return (90d)	-0.35	0.16

Relative strength over 90 days: SPX outperformed BDOGE by 14.9% — measured on the BDOGE/SPX ratio, so it holds regardless of market direction.

Based Doge →SPX6900 →