BOLT on Base vs SPX6900

SPX6900 (SPX) is 8088.2× the size of BOLT on Base (BOLT) by market capitalisation. Over the past 30 days, BOLT is ahead by 10.0 percentage points (BOLT -12.5% against SPX -22.5%). Their daily returns move barely together (correlation 0.10 across 21 shared trading days). SPX has been the more volatile of the two, at 112% annualised against BOLT's 47%.

Correlation: 0.10
Size ratio: 1 : 8088.2
Ahead over 30 days: BOLT

BOLT on BaseBOLT

$4.159e-5

24h: +7.80%
Market cap: $39,746
Volume 24h: $5
Volatility (ann.): 47%

SPX6900SPX

$0.345336

24h: -9.65%
Market cap: $321.48M
Volume 24h: $8.23M
Volatility (ann.): 112%

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

Performance

BOLTSPX

7 days+0.66%-5.36%BOLT
30 days-12.49%-22.50%BOLT

Correlation

0.10over 21 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	BOLT	SPX
Max drawdown (400d)	-20.6%	-42.9%
Risk-adjusted return (90d)	-0.29	0.16

Relative strength over 90 days: SPX outperformed BOLT by 13.5% — measured on the BOLT/SPX ratio, so it holds regardless of market direction.

BOLT on Base →SPX6900 →