MEMESTOCK vs SPX6900

SPX6900 (SPX) is 29571.5× the size of MEMESTOCK (MEMESTOCK) by market capitalisation. Over the past 30 days, SPX is ahead by 16.6 percentage points (MEMESTOCK -39.1% against SPX -22.5%). Their daily returns move loosely together (correlation 0.37 across 24 shared trading days). SPX has been the more volatile of the two, at 112% annualised against MEMESTOCK's 83%.

Correlation: 0.37
Size ratio: 1 : 29571.5
Ahead over 30 days: SPX

MEMESTOCKMEMESTOCK

$1.071e-5

24h: +8.29%
Market cap: $10,711
Volume 24h: $69
Volatility (ann.): 83%

SPX6900SPX

$0.340214

24h: -10.76%
Market cap: $316.74M
Volume 24h: $7.82M
Volatility (ann.): 112%

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

Performance

MEMESTOCKSPX

7 days-5.24%-5.36%MEMESTOCK
30 days-39.05%-22.50%SPX

Correlation

0.37over 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	MEMESTOCK	SPX
Max drawdown (400d)	-49.7%	-42.9%
Risk-adjusted return (90d)	-0.54	0.16

Relative strength over 90 days: SPX outperformed MEMESTOCK by 35.4% — measured on the MEMESTOCK/SPX ratio, so it holds regardless of market direction.

MEMESTOCK →SPX6900 →