Joe Coin vs SPX6900

SPX6900 (SPX) is 72.7× the size of Joe Coin (JOE) by market capitalisation. Over the past 30 days, JOE is ahead by 11.9 percentage points (JOE -12.4% against SPX -24.3%). Their daily returns move barely together (correlation 0.15 across 32 shared trading days). JOE has been the more volatile of the two, at 137% annualised against SPX's 113%.

Correlation: 0.15
Size ratio: 1 : 72.7
Ahead over 30 days: JOE

Joe CoinJOE

$0.004838

24h: -20.20%
Market cap: $4.84M
Volume 24h: $214,276
Volatility (ann.): 137%

SPX6900SPX

$0.377971

24h: +6.11%
Market cap: $351.89M
Volume 24h: $8.89M
Volatility (ann.): 113%

JOE 1.4%Share of the two combined market caps98.6% SPX

Performance

JOESPX

7 days-14.64%-3.77%SPX
30 days-12.39%-24.31%JOE

Correlation

0.15over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	JOE	SPX
Max drawdown (400d)	-41.5%	-42.9%
Risk-adjusted return (90d)	-0.30	0.14

Relative strength over 90 days: SPX outperformed JOE by 16.7% — measured on the JOE/SPX ratio, so it holds regardless of market direction.

Joe Coin →SPX6900 →