NDQ666 vs SPX6900

SPX6900 (SPX) is 14323.0× the size of NDQ666 (NDQ) by market capitalisation. Over the past 30 days, NDQ is ahead by 14.3 percentage points (NDQ -8.2% against SPX -22.5%). Their daily returns move barely together (correlation 0.18 across 24 shared trading days). SPX has been the more volatile of the two, at 112% annualised against NDQ's 48%.

Correlation: 0.18
Size ratio: 1 : 14323.0
Ahead over 30 days: NDQ

NDQ666NDQ

$2.210e-5

24h: +4.19%
Market cap: $22,098
Volume 24h: $15
Volatility (ann.): 48%

SPX6900SPX

$0.339973

24h: -10.70%
Market cap: $316.51M
Volume 24h: $7.09M
Volatility (ann.): 112%

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

Performance

NDQSPX

7 days-8.35%-5.36%SPX
30 days-8.19%-22.50%NDQ

Correlation

0.18over 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	NDQ	SPX
Max drawdown (400d)	-12.2%	-42.9%
Risk-adjusted return (90d)	-0.19	0.16

Relative strength over 90 days: SPX outperformed NDQ by 8.5% — measured on the NDQ/SPX ratio, so it holds regardless of market direction.

NDQ666 →SPX6900 →