Ribbita by Virtuals [OLD] vs SPX6900

Ribbita by Virtuals [OLD] (TIBBIR) and SPX6900 (SPX) compared side by side. Over the past 30 days, TIBBIR is ahead by 19.8 percentage points (TIBBIR -4.6% against SPX -24.3%). Their daily returns move barely together (correlation 0.28 across 56 shared trading days). TIBBIR has been the more volatile of the two, at 198% annualised against SPX's 113%.

Correlation: 0.28
Ahead over 30 days: TIBBIR

Ribbita by Virtuals [OLD]TIBBIR

$0.193070

24h: +0.07%
Market cap: —
Volume 24h: $917,058
Volatility (ann.): 198%

SPX6900SPX

$0.380213

24h: +5.70%
Market cap: $353.94M
Volume 24h: $7.82M
Volatility (ann.): 113%

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

Performance

TIBBIRSPX

7 days-10.36%-3.77%SPX
30 days-4.55%-24.31%TIBBIR

Correlation

0.28over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	TIBBIR	SPX
Max drawdown (400d)	-36.8%	-42.9%
Risk-adjusted return (90d)	0.07	0.14

Relative strength over 90 days: SPX outperformed TIBBIR by 2.3% — measured on the TIBBIR/SPX ratio, so it holds regardless of market direction.

Ribbita by Virtuals [OLD] →SPX6900 →