Bobo vs SPX6900

SPX6900 (SPX) is 2357.4× the size of Bobo (BOBO) by market capitalisation. Over the past 30 days, BOBO is ahead by 7.0 percentage points (BOBO -15.5% against SPX -22.5%). Their daily returns move barely together (correlation 0.19 across 23 shared trading days). SPX has been the more volatile of the two, at 112% annualised against BOBO's 44%.

Correlation: 0.19
Size ratio: 1 : 2357.4
Ahead over 30 days: BOBO

BoboBOBO

$3.481e-10

24h: +1.38%
Market cap: $146,441
Volume 24h: $15
Volatility (ann.): 44%

SPX6900SPX

$0.370790

24h: -0.34%
Market cap: $345.22M
Volume 24h: $7.58M
Volatility (ann.): 112%

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

Performance

BOBOSPX

7 days-2.43%-5.36%BOBO
30 days-15.47%-22.50%BOBO

Correlation

0.19over 23 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)	-18.2%	-42.9%
Risk-adjusted return (90d)	-0.36	0.16

Relative strength over 90 days: SPX outperformed BOBO by 14.4% — measured on the BOBO/SPX ratio, so it holds regardless of market direction.

Bobo →SPX6900 →