Non-Playable Coin vs SPX6900

SPX6900 (SPX) is 2.5× the size of Non-Playable Coin (NPC) by market capitalisation. Over the past 30 days, NPC is ahead by 6.7 percentage points (NPC -15.8% against SPX -22.5%). Their daily returns move loosely together (correlation 0.55 across 57 shared trading days). NPC has been the more volatile of the two, at 162% annualised against SPX's 112%.

Correlation: 0.55
Size ratio: 1 : 2.5
Ahead over 30 days: NPC

Non-Playable CoinNPC

$0.017797

24h: +19.17%
Market cap: $143.27M
Volume 24h: $2.61M
Volatility (ann.): 162%

SPX6900SPX

$0.382563

24h: +8.21%
Market cap: $356.23M
Volume 24h: $8.14M
Volatility (ann.): 112%

NPC 28.7%Share of the two combined market caps71.3% SPX

Performance

NPCSPX

7 days+3.65%-5.36%NPC
30 days-15.77%-22.50%NPC

Correlation

0.55over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	NPC	SPX
Max drawdown (400d)	-34.4%	-42.9%
Risk-adjusted return (90d)	1.52	0.16

Relative strength over 90 days: NPC outperformed SPX by 187.3% — measured on the NPC/SPX ratio, so it holds regardless of market direction.

Non-Playable Coin →SPX6900 →