DAI on PulseChain vs SPX6900

SPX6900 (SPX) is 7.1× the size of DAI on PulseChain (DAI) by market capitalisation. Over the past 30 days, SPX is ahead by 21.5 percentage points (DAI -45.8% against SPX -24.3%). Their daily returns move barely in opposite directions (correlation -0.05 across 32 shared trading days). DAI has been the more volatile of the two, at 1882% annualised against SPX's 113%.

Correlation: -0.05
Size ratio: 1 : 7.1
Ahead over 30 days: SPX

DAI on PulseChainDAI

$0.001137

24h: -2.51%
Market cap: $50.45M
Volume 24h: $142,068
Volatility (ann.): 1882%

SPX6900SPX

$0.387340

24h: +6.34%
Market cap: $360.61M
Volume 24h: $8.01M
Volatility (ann.): 113%

DAI 12.3%Share of the two combined market caps87.7% SPX

Performance

DAISPX

7 days+5.08%-3.77%DAI
30 days-45.83%-24.31%SPX

Correlation

-0.05over 32 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	DAI	SPX
Max drawdown (400d)	-87.9%	-42.9%
Risk-adjusted return (90d)	-0.03	0.14

Relative strength over 90 days: SPX outperformed DAI by 33.5% — measured on the DAI/SPX ratio, so it holds regardless of market direction.

DAI on PulseChain →SPX6900 →