Cash Cat vs SPX6900

SPX6900 (SPX) is 3.4× the size of Cash Cat (CASHCAT) by market capitalisation. Over the past 30 days, SPX is ahead by 14.2 percentage points (CASHCAT -36.7% against SPX -22.5%). Their daily returns move barely together (correlation 0.28 across 57 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against SPX's 112%.

Correlation: 0.28
Size ratio: 1 : 3.4
Ahead over 30 days: SPX

Cash CatCASHCAT

$0.106180

24h: -6.61%
Market cap: $104.92M
Volume 24h: $13.99M
Volatility (ann.): 261%

SPX6900SPX

$0.379505

24h: +1.48%
Market cap: $353.31M
Volume 24h: $7.71M
Volatility (ann.): 112%

CASHCAT 22.9%Share of the two combined market caps77.1% SPX

Performance

CASHCATSPX

7 days+3.53%-5.36%CASHCAT
30 days-36.68%-22.50%SPX

Correlation

0.28over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	CASHCAT	SPX
Max drawdown (400d)	-69.6%	-42.9%
Risk-adjusted return (90d)	-0.03	0.16

Relative strength over 90 days: SPX outperformed CASHCAT by 23.4% — measured on the CASHCAT/SPX ratio, so it holds regardless of market direction.

Cash Cat →SPX6900 →