Groyper vs SPX6900

SPX6900 (SPX) is 208.0× the size of Groyper (GROYP) by market capitalisation. Over the past 30 days, GROYP is ahead by 11.6 percentage points (GROYP -12.7% against SPX -24.3%). Their daily returns move barely together (correlation 0.04 across 26 shared trading days). GROYP has been the more volatile of the two, at 240% annualised against SPX's 113%.

Correlation: 0.04
Size ratio: 1 : 208.0
Ahead over 30 days: GROYP

GroyperGROYP

$0.035820

24h: +0.31%
Market cap: $1.71M
Volume 24h: $11,605
Volatility (ann.): 240%

SPX6900SPX

$0.382594

24h: +4.50%
Market cap: $356.19M
Volume 24h: $7.55M
Volatility (ann.): 113%

GROYP 0.5%Share of the two combined market caps99.5% SPX

Performance

GROYPSPX

7 days-32.01%-3.77%SPX
30 days-12.69%-24.31%GROYP

Correlation

0.04over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	GROYP	SPX
Max drawdown (400d)	-57.1%	-42.9%
Risk-adjusted return (90d)	-0.14	0.14

Relative strength over 90 days: GROYP outperformed SPX by 0.3% — measured on the GROYP/SPX ratio, so it holds regardless of market direction.

Groyper →SPX6900 →