Nya vs SPX6900

SPX6900 (SPX) is 198.6× the size of Nya (NYA) by market capitalisation. Over the past 30 days, NYA is ahead by 20.7 percentage points (NYA -3.6% against SPX -24.3%). Their daily returns move barely together (correlation 0.18 across 30 shared trading days). SPX has been the more volatile of the two, at 113% annualised against NYA's 86%.

Correlation: 0.18
Size ratio: 1 : 198.6
Ahead over 30 days: NYA

NyaNYA

$4.719e-8

24h: +0.43%
Market cap: $1.74M
Volume 24h: $2,486
Volatility (ann.): 86%

SPX6900SPX

$0.370770

24h: +4.55%
Market cap: $345.19M
Volume 24h: $8.57M
Volatility (ann.): 113%

NYA 0.5%Share of the two combined market caps99.5% SPX

Performance

NYASPX

7 days-2.47%-3.77%NYA
30 days-3.60%-24.31%NYA

Correlation

0.18over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	NYA	SPX
Max drawdown (400d)	-21.8%	-42.9%
Risk-adjusted return (90d)	-0.04	0.14

Relative strength over 90 days: NYA outperformed SPX by 46.7% — measured on the NYA/SPX ratio, so it holds regardless of market direction.

Nya →SPX6900 →