Boe vs SPX6900

SPX6900 (SPX) is 15719.7× the size of Boe (BOE) by market capitalisation. Over the past 30 days, BOE is ahead by 21.2 percentage points (BOE -12.4% against SPX -33.6%). Their daily returns move barely together (correlation 0.13 across 20 shared trading days). SPX has been the more volatile of the two, at 115% annualised against BOE's 46%.

Correlation: 0.13
Size ratio: 1 : 15719.7
Ahead over 30 days: BOE

BoeBOE

$2.026e-5

24h: +6.77%
Market cap: $20,257
Volume 24h: $50
Volatility (ann.): 46%

SPX6900SPX

$0.342080

24h: -10.00%
Market cap: $318.43M
Volume 24h: $7.18M
Volatility (ann.): 115%

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

Performance

BOESPX

7 days+3.31%-2.61%BOE
30 days-12.36%-33.59%BOE

Correlation

0.13over 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	BOE	SPX
Max drawdown (400d)	-18.9%	-43.7%
Risk-adjusted return (90d)	-0.27	0.05

Relative strength over 90 days: SPX outperformed BOE by 10.8% — measured on the BOE/SPX ratio, so it holds regardless of market direction.

Boe →SPX6900 →