BOBO [OLD] vs SPX6900

SPX6900 (SPX) is 1779.2× the size of BOBO [OLD] (BOBO) by market capitalisation. Over the past 30 days, BOBO is ahead by 8.8 percentage points (BOBO -13.7% against SPX -22.5%). Their daily returns move barely together (correlation 0.32 across 24 shared trading days). BOBO has been the more volatile of the two, at 157% annualised against SPX's 112%.

Correlation: 0.32
Size ratio: 1 : 1779.2
Ahead over 30 days: BOBO

BOBO [OLD]BOBO

$2.678e-9

24h: +7.99%
Market cap: $178,019
Volume 24h: $11
Volatility (ann.): 157%

SPX6900SPX

$0.340214

24h: -10.76%
Market cap: $316.74M
Volume 24h: $7.82M
Volatility (ann.): 112%

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

Performance

BOBOSPX

7 days+2.70%-5.36%BOBO
30 days-13.66%-22.50%BOBO

Correlation

0.32over 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	BOBO	SPX
Max drawdown (400d)	-32.8%	-42.9%
Risk-adjusted return (90d)	-0.09	0.16

Relative strength over 90 days: SPX outperformed BOBO by 11.9% — measured on the BOBO/SPX ratio, so it holds regardless of market direction.

BOBO [OLD] →SPX6900 →