Based Turbo vs SPX6900

SPX6900 (SPX) is 5407.3× the size of Based Turbo (TURBO) by market capitalisation. Over the past 30 days, SPX is ahead by 5.2 percentage points (TURBO -27.7% against SPX -22.5%). Their daily returns move barely together (correlation 0.21 across 20 shared trading days). TURBO has been the more volatile of the two, at 137% annualised against SPX's 112%.

Correlation: 0.21
Size ratio: 1 : 5407.3
Ahead over 30 days: SPX

Based TurboTURBO

$9.012e-7

24h: —
Market cap: $62,197
Volume 24h: $6
Volatility (ann.): 137%

SPX6900SPX

$0.361250

24h: -4.38%
Market cap: $336.32M
Volume 24h: $7.57M
Volatility (ann.): 112%

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

Performance

TURBOSPX

7 days-5.02%-5.36%TURBO
30 days-27.66%-22.50%SPX

Correlation

0.21over 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	TURBO	SPX
Max drawdown (400d)	-29.6%	-42.9%
Risk-adjusted return (90d)	-0.20	0.16

Relative strength over 90 days: SPX outperformed TURBO by 16.4% — measured on the TURBO/SPX ratio, so it holds regardless of market direction.

Based Turbo →SPX6900 →