Based Fartcoin vs SPX6900

SPX6900 (SPX) is 1073.4× the size of Based Fartcoin (FARTCOIN) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 6.7 percentage points (FARTCOIN -15.8% against SPX -22.5%). Their daily returns move barely together (correlation 0.34 across 20 shared trading days). SPX has been the more volatile of the two, at 112% annualised against FARTCOIN's 71%.

Correlation: 0.34
Size ratio: 1 : 1073.4
Ahead over 30 days: FARTCOIN

Based FartcoinFARTCOIN

$3.330e-6

24h: +5.26%
Market cap: $332,510
Volume 24h: $20
Volatility (ann.): 71%

SPX6900SPX

$0.383311

24h: +6.86%
Market cap: $356.90M
Volume 24h: $8.33M
Volatility (ann.): 112%

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

Performance

FARTCOINSPX

7 days+1.30%-5.36%FARTCOIN
30 days-15.79%-22.50%FARTCOIN

Correlation

0.34over 20 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	FARTCOIN	SPX
Max drawdown (400d)	-27.7%	-42.9%
Risk-adjusted return (90d)	-0.22	0.16

Relative strength over 90 days: SPX outperformed FARTCOIN by 21.6% — measured on the FARTCOIN/SPX ratio, so it holds regardless of market direction.

Based Fartcoin →SPX6900 →