BasedHype vs SPX6900

SPX6900 (SPX) is 10.1× the size of BasedHype (BASEDHYPE) by market capitalisation. Over the past 30 days, BASEDHYPE is ahead by 26.8 percentage points (BASEDHYPE +2.4% against SPX -24.3%). Their daily returns move barely together (correlation 0.02 across 51 shared trading days). Both have run at a similar volatility, around 107% annualised.

Correlation: 0.02
Size ratio: 1 : 10.1
Ahead over 30 days: BASEDHYPE

BasedHypeBASEDHYPE

$0.003413

24h: +0.00%
Market cap: $34.13M
Volume 24h: —
Volatility (ann.): 100%

SPX6900SPX

$0.370770

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

BASEDHYPE 9.0%Share of the two combined market caps91.0% SPX

Performance

BASEDHYPESPX

7 days+0.00%-3.77%BASEDHYPE
30 days+2.45%-24.31%BASEDHYPE

Correlation

0.02over 51 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	BASEDHYPE	SPX
Max drawdown (400d)	-46.7%	-42.9%
Risk-adjusted return (90d)	-0.43	0.14

Relative strength over 90 days: SPX outperformed BASEDHYPE by 30.1% — measured on the BASEDHYPE/SPX ratio, so it holds regardless of market direction.

BasedHype →SPX6900 →