Mochi vs SPX6900

SPX6900 (SPX) is 487.5× the size of Mochi (MOCHI) by market capitalisation. Over the past 30 days, MOCHI is ahead by 188.8 percentage points (MOCHI +164.5% against SPX -24.3%). Their daily returns move barely in opposite directions (correlation -0.22 across 28 shared trading days). MOCHI has been the more volatile of the two, at 888% annualised against SPX's 113%.

Correlation: -0.22
Size ratio: 1 : 487.5
Ahead over 30 days: MOCHI

MochiMOCHI

$7.069e-7

24h: +0.79%
Market cap: $706,908
Volume 24h: $55,677
Volatility (ann.): 888%

SPX6900SPX

$0.370126

24h: +2.54%
Market cap: $344.58M
Volume 24h: $8.49M
Volatility (ann.): 113%

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

Performance

MOCHISPX

7 days-20.45%-3.77%SPX
30 days+164.52%-24.31%MOCHI

Correlation

-0.22over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	MOCHI	SPX
Max drawdown (400d)	-41.0%	-42.9%
Risk-adjusted return (90d)	0.14	0.14

Relative strength over 90 days: MOCHI outperformed SPX by 233.8% — measured on the MOCHI/SPX ratio, so it holds regardless of market direction.

Mochi →SPX6900 →