GME (Ethereum) vs SPX6900

SPX6900 (SPX) is 105.2× the size of GME (Ethereum) (GME) by market capitalisation. Over the past 30 days, GME is ahead by 31.7 percentage points (GME +7.4% against SPX -24.3%). Their daily returns move barely together (correlation 0.33 across 30 shared trading days). GME has been the more volatile of the two, at 142% annualised against SPX's 113%.

Correlation: 0.33
Size ratio: 1 : 105.2
Ahead over 30 days: GME

GME (Ethereum)GME

$7.970e-6

24h: +3.58%
Market cap: $3.28M
Volume 24h: $14,745
Volatility (ann.): 142%

SPX6900SPX

$0.370287

24h: +2.89%
Market cap: $344.77M
Volume 24h: $8.36M
Volatility (ann.): 113%

GME 0.9%Share of the two combined market caps99.1% SPX

Performance

GMESPX

7 days+47.90%-3.77%GME
30 days+7.36%-24.31%GME

Correlation

0.33over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	GME	SPX
Max drawdown (400d)	-36.9%	-42.9%
Risk-adjusted return (90d)	0.00	0.14

Relative strength over 90 days: GME outperformed SPX by 52.0% — measured on the GME/SPX ratio, so it holds regardless of market direction.

GME (Ethereum) →SPX6900 →