Based Troll vs SPX6900

SPX6900 (SPX) is 26348.2× the size of Based Troll (TROLL) by market capitalisation. Over the past 30 days, TROLL is ahead by 2.2 percentage points (TROLL -20.3% against SPX -22.5%). Their daily returns move barely together (correlation 0.31 across 22 shared trading days). SPX has been the more volatile of the two, at 112% annualised against TROLL's 64%.

Correlation: 0.31
Size ratio: 1 : 26348.2
Ahead over 30 days: TROLL

Based TrollTROLL

$1.213e-5

24h: -1.64%
Market cap: $12,126
Volume 24h: $5
Volatility (ann.): 64%

SPX6900SPX

$0.343205

24h: -10.15%
Market cap: $319.49M
Volume 24h: $7.82M
Volatility (ann.): 112%

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

Performance

TROLLSPX

7 days-0.96%-5.36%TROLL
30 days-20.31%-22.50%TROLL

Correlation

0.31over 22 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	TROLL	SPX
Max drawdown (400d)	-21.9%	-42.9%
Risk-adjusted return (90d)	-0.33	0.16

Relative strength over 90 days: SPX outperformed TROLL by 24.6% — measured on the TROLL/SPX ratio, so it holds regardless of market direction.

Based Troll →SPX6900 →