Longcat vs SPX6900

SPX6900 (SPX) is 38031.3× the size of Longcat (SHIRO) by market capitalisation. Over the past 30 days, SPX is ahead by 11.9 percentage points (SHIRO -34.4% against SPX -22.5%). Their daily returns move barely together (correlation 0.07 across 20 shared trading days). SPX has been the more volatile of the two, at 112% annualised against SHIRO's 76%.

Correlation: 0.07
Size ratio: 1 : 38031.3
Ahead over 30 days: SPX

LongcatSHIRO

$8.410e-6

24h: —
Market cap: $8,407
Volume 24h: $249
Volatility (ann.): 76%

SPX6900SPX

$0.343467

24h: -9.19%
Market cap: $319.72M
Volume 24h: $7.91M
Volatility (ann.): 112%

SHIRO 0.0%Share of the two combined market caps100.0% SPX

Performance

SHIROSPX

7 days-21.72%-5.36%SPX
30 days-34.36%-22.50%SPX

Correlation

0.07over 20 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	SHIRO	SPX
Max drawdown (400d)	-36.1%	-42.9%
Risk-adjusted return (90d)	-0.45	0.16

Relative strength over 90 days: SPX outperformed SHIRO by 29.1% — measured on the SHIRO/SPX ratio, so it holds regardless of market direction.

Longcat →SPX6900 →