Pepoclown vs SPX6900

SPX6900 (SPX) is 1928.8× the size of Pepoclown (HONK) by market capitalisation. Over the past 30 days, HONK is ahead by 0.9 percentage points (HONK -21.6% against SPX -22.5%). Their daily returns move barely in opposite directions (correlation -0.01 across 24 shared trading days). SPX has been the more volatile of the two, at 112% annualised against HONK's 56%.

Correlation: -0.01
Size ratio: 1 : 1928.8
Ahead over 30 days: HONK

PepoclownHONK

$4.232e-10

24h: +5.55%
Market cap: $178,050
Volume 24h: $336
Volatility (ann.): 56%

SPX6900SPX

$0.368877

24h: -0.40%
Market cap: $343.42M
Volume 24h: $7.67M
Volatility (ann.): 112%

HONK 0.1%Share of the two combined market caps99.9% SPX

Performance

HONKSPX

7 days-6.68%-5.36%SPX
30 days-21.62%-22.50%HONK

Correlation

-0.01over 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	HONK	SPX
Max drawdown (400d)	-24.2%	-42.9%
Risk-adjusted return (90d)	-0.37	0.16

Relative strength over 90 days: SPX outperformed HONK by 18.9% — measured on the HONK/SPX ratio, so it holds regardless of market direction.

Pepoclown →SPX6900 →