GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) vs SP500 xStock

SP500 xStock (SPYX) is 97.2× the size of GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) (INTWB) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 55 shared trading days). INTWB has been the more volatile of the two, at 180% annualised against SPYX's 11%.

Correlation: 0.47
Size ratio: 1 : 97.2

GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock)INTWB

$6.3100

24h: -3.09%
Market cap: $735,289
Volume 24h: $198,135
Volatility (ann.): 180%

SP500 xStockSPYX

$766.4900

24h: +1.47%
Market cap: $71.48M
Volume 24h: $8.27M
Volatility (ann.): 11%

INTWB 1.0%Share of the two combined market caps99.0% SPYX

Performance

INTWBSPYX

7 days-65.10%-1.60%SPYX
30 days-78.67%-1.10%SPYX
90 days-73.19%——

Correlation

0.47over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	INTWB	SPYX
Max drawdown (400d)	-82.1%	-2.7%
Risk-adjusted return (90d)	-0.45	-0.14

Relative strength over 90 days: SPYX outperformed INTWB by 67.9% — measured on the INTWB/SPYX ratio, so it holds regardless of market direction.

GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) →SP500 xStock →