Bsop vs SPX6900

SPX6900 (SPX) is 36854.8× the size of Bsop (BSOP) by market capitalisation. Over the past 30 days, BSOP is ahead by 21.6 percentage points (BSOP -12.0% against SPX -33.6%). Their daily returns move barely together (correlation 0.05 across 25 shared trading days). SPX has been the more volatile of the two, at 115% annualised against BSOP's 84%.

Correlation: 0.05
Size ratio: 1 : 36854.8
Ahead over 30 days: BSOP

BsopBSOP

$8.840e-6

24h: —
Market cap: $8,840
Volume 24h: —
Volatility (ann.): 84%

SPX6900SPX

$0.349874

24h: +2.04%
Market cap: $325.79M
Volume 24h: $5.57M
Volatility (ann.): 115%

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

Performance

BSOPSPX

7 days+9.39%-2.61%BSOP
30 days-12.00%-33.59%BSOP

Correlation

0.05over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	BSOP	SPX
Max drawdown (400d)	-23.0%	-43.7%
Risk-adjusted return (90d)	-0.14	0.05

Relative strength over 90 days: SPX outperformed BSOP by 0.2% — measured on the BSOP/SPX ratio, so it holds regardless of market direction.

Bsop →SPX6900 →