PMX500 vs SPX6900

SPX6900 (SPX) is 994.1× the size of PMX500 (PMX) by market capitalisation. Over the past 30 days, SPX is ahead by 46.0 percentage points (PMX -68.5% against SPX -22.5%). Their daily returns move barely in opposite directions (correlation -0.05 across 24 shared trading days). PMX has been the more volatile of the two, at 225% annualised against SPX's 112%.

Correlation: -0.05
Size ratio: 1 : 994.1
Ahead over 30 days: SPX

PMX500PMX

$0.000345

24h: —
Market cap: $345,457
Volume 24h: —
Volatility (ann.): 225%

SPX6900SPX

$0.368877

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

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

Performance

PMXSPX

7 days+9.66%-5.36%PMX
30 days-68.46%-22.50%SPX

Correlation

-0.05over 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	PMX	SPX
Max drawdown (400d)	-75.5%	-42.9%
Risk-adjusted return (90d)	-0.32	0.16

Relative strength over 90 days: SPX outperformed PMX by 71.7% — measured on the PMX/SPX ratio, so it holds regardless of market direction.

PMX500 →SPX6900 →