SHIBA ON BASE vs SPX6900

SPX6900 (SPX) is 374.0× the size of SHIBA ON BASE (SHIB) by market capitalisation. Over the past 30 days, SHIB is ahead by 73.4 percentage points (SHIB +49.0% against SPX -24.3%). Their daily returns move barely together (correlation 0.10 across 23 shared trading days). SHIB has been the more volatile of the two, at 147% annualised against SPX's 113%.

Correlation: 0.10
Size ratio: 1 : 374.0
Ahead over 30 days: SHIB

SHIBA ON BASESHIB

$1.363e-9

24h: -1.75%
Market cap: $918,962
Volume 24h: $19,631
Volatility (ann.): 147%

SPX6900SPX

$0.369176

24h: +3.41%
Market cap: $343.70M
Volume 24h: $8.22M
Volatility (ann.): 113%

SHIB 0.3%Share of the two combined market caps99.7% SPX

Performance

SHIBSPX

7 days+28.96%-3.77%SHIB
30 days+49.05%-24.31%SHIB

Correlation

0.10over 23 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	SHIB	SPX
Max drawdown (400d)	-30.4%	-42.9%
Risk-adjusted return (90d)	0.36	0.14

Relative strength over 90 days: SHIB outperformed SPX by 65.4% — measured on the SHIB/SPX ratio, so it holds regardless of market direction.

SHIBA ON BASE →SPX6900 →