Chinese Doge Wow vs SPX6900

SPX6900 (SPX) is 3651.4× the size of Chinese Doge Wow (CHIDO) by market capitalisation. Over the past 30 days, CHIDO is ahead by 13.0 percentage points (CHIDO -9.5% against SPX -22.5%). Their daily returns move barely together (correlation 0.05 across 24 shared trading days). SPX has been the more volatile of the two, at 112% annualised against CHIDO's 77%.

Correlation: 0.05
Size ratio: 1 : 3651.4
Ahead over 30 days: CHIDO

Chinese Doge WowCHIDO

$9.912e-5

24h: +6.40%
Market cap: $94,307
Volume 24h: $52
Volatility (ann.): 77%

SPX6900SPX

$0.369881

24h: -0.14%
Market cap: $344.35M
Volume 24h: $7.70M
Volatility (ann.): 112%

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

Performance

CHIDOSPX

7 days-1.77%-5.36%CHIDO
30 days-9.50%-22.50%CHIDO

Correlation

0.05over 24 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	CHIDO	SPX
Max drawdown (400d)	-24.6%	-42.9%
Risk-adjusted return (90d)	-0.15	0.16

Relative strength over 90 days: SPX outperformed CHIDO by 13.6% — measured on the CHIDO/SPX ratio, so it holds regardless of market direction.

Chinese Doge Wow →SPX6900 →