DODO vs SPX6900

SPX6900 (SPX) is 3583.4× the size of DODO (DODO) by market capitalisation. Over the past 30 days, DODO is ahead by 1.6 percentage points (DODO -20.9% against SPX -22.5%). Their daily returns move barely together (correlation 0.09 across 21 shared trading days). SPX has been the more volatile of the two, at 112% annualised against DODO's 53%.

Correlation: 0.09
Size ratio: 1 : 3583.4
Ahead over 30 days: DODO

DODODODO

$0.009386

24h: —
Market cap: $93,856
Volume 24h: $951
Volatility (ann.): 53%

SPX6900SPX

$0.361250

24h: -4.38%
Market cap: $336.32M
Volume 24h: $7.57M
Volatility (ann.): 112%

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

Performance

DODOSPX

7 days+3.46%-5.36%DODO
30 days-20.90%-22.50%DODO

Correlation

0.09over 21 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	DODO	SPX
Max drawdown (400d)	-26.4%	-42.9%
Risk-adjusted return (90d)	-0.40	0.16

Relative strength over 90 days: SPX outperformed DODO by 17.4% — measured on the DODO/SPX ratio, so it holds regardless of market direction.

DODO →SPX6900 →