MAGA vs SPX6900

SPX6900 (SPX) is 416.4× the size of MAGA (TRUMP) by market capitalisation. Over the past 30 days, SPX is ahead by 5.3 percentage points (TRUMP -29.7% against SPX -24.3%). Their daily returns move barely together (correlation 0.15 across 28 shared trading days). TRUMP has been the more volatile of the two, at 389% annualised against SPX's 113%.

Correlation: 0.15
Size ratio: 1 : 416.4
Ahead over 30 days: SPX

MAGATRUMP

$0.019116

24h: -1.47%
Market cap: $860,575
Volume 24h: $856
Volatility (ann.): 389%

SPX6900SPX

$0.384908

24h: +5.82%
Market cap: $358.31M
Volume 24h: $8.09M
Volatility (ann.): 113%

TRUMP 0.2%Share of the two combined market caps99.8% SPX

Performance

TRUMPSPX

7 days-5.12%-3.77%SPX
30 days-29.66%-24.31%SPX

Correlation

0.15over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	TRUMP	SPX
Max drawdown (400d)	-52.4%	-42.9%
Risk-adjusted return (90d)	-0.06	0.14

Relative strength over 90 days: TRUMP outperformed SPX by 11.9% — measured on the TRUMP/SPX ratio, so it holds regardless of market direction.

MAGA →SPX6900 →