FINE vs SPX6900

SPX6900 (SPX) is 1575.3× the size of FINE (FINE) by market capitalisation. Over the past 30 days, FINE is ahead by 14.1 percentage points (FINE -8.4% against SPX -22.5%). Their daily returns move barely together (correlation 0.06 across 23 shared trading days). SPX has been the more volatile of the two, at 112% annualised against FINE's 67%.

Correlation: 0.06
Size ratio: 1 : 1575.3
Ahead over 30 days: FINE

FINEFINE

$5.358e-10

24h: +16.50%
Market cap: $225,409
Volume 24h: $13,190
Volatility (ann.): 67%

SPX6900SPX

$0.381414

24h: +1.82%
Market cap: $355.08M
Volume 24h: $7.74M
Volatility (ann.): 112%

FINE 0.1%Share of the two combined market caps99.9% SPX

Performance

FINESPX

7 days+10.75%-5.36%FINE
30 days-8.37%-22.50%FINE

Correlation

0.06over 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	FINE	SPX
Max drawdown (400d)	-23.0%	-42.9%
Risk-adjusted return (90d)	-0.13	0.16

Relative strength over 90 days: SPX outperformed FINE by 13.9% — measured on the FINE/SPX ratio, so it holds regardless of market direction.

FINE →SPX6900 →