Byte vs SPX6900

SPX6900 (SPX) is 234.9× the size of Byte (BYTE) by market capitalisation. Over the past 30 days, BYTE is ahead by 80.0 percentage points (BYTE +55.7% against SPX -24.3%). Their daily returns move barely in opposite directions (correlation -0.00 across 28 shared trading days). BYTE has been the more volatile of the two, at 533% annualised against SPX's 113%.

Correlation: -0.00
Size ratio: 1 : 234.9
Ahead over 30 days: BYTE

ByteBYTE

$1.550e-6

24h: +0.34%
Market cap: $1.50M
Volume 24h: $24,673
Volatility (ann.): 533%

SPX6900SPX

$0.377971

24h: +6.11%
Market cap: $351.89M
Volume 24h: $8.89M
Volatility (ann.): 113%

BYTE 0.4%Share of the two combined market caps99.6% SPX

Performance

BYTESPX

7 days-36.93%-3.77%SPX
30 days+55.70%-24.31%BYTE

Correlation

-0.00over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	BYTE	SPX
Max drawdown (400d)	-53.3%	-42.9%
Risk-adjusted return (90d)	0.05	0.14

Relative strength over 90 days: BYTE outperformed SPX by 85.8% — measured on the BYTE/SPX ratio, so it holds regardless of market direction.

Byte →SPX6900 →