National Trust Fund System vs SPX6900

SPX6900 (SPX) is 9047.6× the size of National Trust Fund System (NTFS) by market capitalisation. Over the past 30 days, SPX is ahead by 3.4 percentage points (NTFS -25.9% against SPX -22.5%). Their daily returns move barely in opposite directions (correlation -0.12 across 24 shared trading days). NTFS has been the more volatile of the two, at 158% annualised against SPX's 112%.

Correlation: -0.12
Size ratio: 1 : 9047.6
Ahead over 30 days: SPX

National Trust Fund SystemNTFS

$3.502e-5

24h: +5.20%
Market cap: $35,015
Volume 24h: $327
Volatility (ann.): 158%

SPX6900SPX

$0.340284

24h: -10.50%
Market cap: $316.80M
Volume 24h: $7.76M
Volatility (ann.): 112%

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

Performance

NTFSSPX

7 days-36.12%-5.36%SPX
30 days-25.90%-22.50%SPX

Correlation

-0.12over 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	NTFS	SPX
Max drawdown (400d)	-36.6%	-42.9%
Risk-adjusted return (90d)	-0.17	0.16

Relative strength over 90 days: SPX outperformed NTFS by 33.3% — measured on the NTFS/SPX ratio, so it holds regardless of market direction.

National Trust Fund System →SPX6900 →