Degen POV vs SPX6900

SPX6900 (SPX) is 27208.4× the size of Degen POV (POV) by market capitalisation. Over the past 30 days, POV is ahead by 41.9 percentage points (POV +19.4% against SPX -22.5%). Their daily returns move barely together (correlation 0.17 across 24 shared trading days). POV has been the more volatile of the two, at 279% annualised against SPX's 112%.

Correlation: 0.17
Size ratio: 1 : 27208.4
Ahead over 30 days: POV

Degen POVPOV

$1.163e-8

24h: —
Market cap: $11,633
Volume 24h: —
Volatility (ann.): 279%

SPX6900SPX

$0.339973

24h: -10.70%
Market cap: $316.51M
Volume 24h: $7.09M
Volatility (ann.): 112%

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

Performance

POVSPX

7 days+72.74%-5.36%POV
30 days+19.38%-22.50%POV

Correlation

0.17over 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	POV	SPX
Max drawdown (400d)	-38.9%	-42.9%
Risk-adjusted return (90d)	0.07	0.16

Relative strength over 90 days: POV outperformed SPX by 28.2% — measured on the POV/SPX ratio, so it holds regardless of market direction.

Degen POV →SPX6900 →