NSDQ420 vs SPX6900

SPX6900 (SPX) is 3180.9× the size of NSDQ420 (NSDQ) by market capitalisation. Over the past 30 days, NSDQ is ahead by 9.4 percentage points (NSDQ -13.1% against SPX -22.5%). Their daily returns move loosely together (correlation 0.42 across 24 shared trading days). SPX has been the more volatile of the two, at 112% annualised against NSDQ's 50%.

Correlation: 0.42
Size ratio: 1 : 3180.9
Ahead over 30 days: NSDQ

NSDQ420NSDQ

$0.000106

24h: +6.52%
Market cap: $105,730
Volume 24h: $30
Volatility (ann.): 50%

SPX6900SPX

$0.361250

24h: -4.38%
Market cap: $336.32M
Volume 24h: $7.57M
Volatility (ann.): 112%

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

Performance

NSDQSPX

7 days-3.12%-5.36%NSDQ
30 days-13.15%-22.50%NSDQ

Correlation

0.42over 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	NSDQ	SPX
Max drawdown (400d)	-19.6%	-42.9%
Risk-adjusted return (90d)	-0.20	0.16

Relative strength over 90 days: SPX outperformed NSDQ by 17.3% — measured on the NSDQ/SPX ratio, so it holds regardless of market direction.

NSDQ420 →SPX6900 →