Groyper vs SPX6900

SPX6900 (SPX) is 1747.7× the size of Groyper (GROYPER) by market capitalisation. Over the past 30 days, GROYPER is ahead by 26.9 percentage points (GROYPER +4.4% against SPX -22.5%). Their daily returns move barely together (correlation 0.18 across 24 shared trading days). GROYPER has been the more volatile of the two, at 266% annualised against SPX's 112%.

Correlation: 0.18
Size ratio: 1 : 1747.7
Ahead over 30 days: GROYPER

GroyperGROYPER

$0.000202

24h: +56.36%
Market cap: $202,060
Volume 24h: $60,779
Volatility (ann.): 266%

SPX6900SPX

$0.379328

24h: +0.89%
Market cap: $353.15M
Volume 24h: $7.65M
Volatility (ann.): 112%

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

Performance

GROYPERSPX

7 days+31.59%-5.36%GROYPER
30 days+4.40%-22.50%GROYPER

Correlation

0.18over 24 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	GROYPER	SPX
Max drawdown (400d)	-43.5%	-42.9%
Risk-adjusted return (90d)	0.00	0.16

Relative strength over 90 days: GROYPER outperformed SPX by 14.9% — measured on the GROYPER/SPX ratio, so it holds regardless of market direction.

Groyper →SPX6900 →