crow with knife vs SPX6900

SPX6900 (SPX) is 86.4× the size of crow with knife (CAW) by market capitalisation. Over the past 30 days, SPX is ahead by 20.9 percentage points (CAW -45.2% against SPX -24.3%). Their daily returns move loosely together (correlation 0.45 across 32 shared trading days). Both have run at a similar volatility, around 118% annualised.

Correlation: 0.45
Size ratio: 1 : 86.4
Ahead over 30 days: SPX

crow with knifeCAW

$5.452e-9

24h: +1.03%
Market cap: $4.18M
Volume 24h: $6,998
Volatility (ann.): 123%

SPX6900SPX

$0.387940

24h: +7.92%
Market cap: $361.17M
Volume 24h: $8.31M
Volatility (ann.): 113%

CAW 1.1%Share of the two combined market caps98.9% SPX

Performance

CAWSPX

7 days-5.19%-3.77%SPX
30 days-45.24%-24.31%SPX

Correlation

0.45over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	CAW	SPX
Max drawdown (400d)	-45.9%	-42.9%
Risk-adjusted return (90d)	-0.37	0.14

Relative strength over 90 days: SPX outperformed CAW by 22.9% — measured on the CAW/SPX ratio, so it holds regardless of market direction.

crow with knife →SPX6900 →