DERP vs SPX6900

SPX6900 (SPX) is 13061.1× the size of DERP (DERP) by market capitalisation. Over the past 30 days, SPX is ahead by 9.2 percentage points (DERP -31.7% against SPX -22.5%). Their daily returns move barely together (correlation 0.12 across 23 shared trading days). SPX has been the more volatile of the two, at 112% annualised against DERP's 73%.

Correlation: 0.12
Size ratio: 1 : 13061.1
Ahead over 30 days: SPX

DERPDERP

$2.424e-5

24h: —
Market cap: $24,233
Volume 24h: $5
Volatility (ann.): 73%

SPX6900SPX

$0.339973

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

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

Performance

DERPSPX

7 days-6.29%-5.36%SPX
30 days-31.72%-22.50%SPX

Correlation

0.12over 23 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	DERP	SPX
Max drawdown (400d)	-37.9%	-42.9%
Risk-adjusted return (90d)	-0.44	0.16

Relative strength over 90 days: SPX outperformed DERP by 18.0% — measured on the DERP/SPX ratio, so it holds regardless of market direction.

DERP →SPX6900 →