Million vs SPX6900

SPX6900 (SPX) is 353.5× the size of Million (MM) by market capitalisation. Over the past 30 days, MM is ahead by 25.5 percentage points (MM +1.2% against SPX -24.3%). Their daily returns move barely together (correlation 0.23 across 28 shared trading days). SPX has been the more volatile of the two, at 113% annualised against MM's 24%.

Correlation: 0.23
Size ratio: 1 : 353.5
Ahead over 30 days: MM

MillionMM

$0.986474

24h: +0.76%
Market cap: $986,474
Volume 24h: $44
Volatility (ann.): 24%

SPX6900SPX

$0.374554

24h: +5.93%
Market cap: $348.70M
Volume 24h: $8.92M
Volatility (ann.): 113%

MM 0.3%Share of the two combined market caps99.7% SPX

Performance

MMSPX

7 days-0.34%-3.77%MM
30 days+1.19%-24.31%MM

Correlation

0.23over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	MM	SPX
Max drawdown (400d)	-3.0%	-42.9%
Risk-adjusted return (90d)	0.02	0.14

Relative strength over 90 days: MM outperformed SPX by 48.8% — measured on the MM/SPX ratio, so it holds regardless of market direction.

Million →SPX6900 →