Shrub vs SPX6900

SPX6900 (SPX) is 243.2× the size of Shrub (SHRUB) by market capitalisation. Over the past 30 days, SPX is ahead by 75.5 percentage points (SHRUB -99.8% against SPX -24.3%). Their daily returns move barely together (correlation 0.35 across 21 shared trading days). SHRUB has been the more volatile of the two, at 400% annualised against SPX's 113%.

Correlation: 0.35
Size ratio: 1 : 243.2
Ahead over 30 days: SPX

ShrubSHRUB

$0.001526

24h: +0.67%
Market cap: $1.44M
Volume 24h: $27,366
Volatility (ann.): 400%

SPX6900SPX

$0.375653

24h: +4.29%
Market cap: $349.73M
Volume 24h: $8.22M
Volatility (ann.): 113%

SHRUB 0.4%Share of the two combined market caps99.6% SPX

Performance

SHRUBSPX

7 days-99.76%-3.77%SPX
30 days-99.83%-24.31%SPX

Correlation

0.35over 21 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	SHRUB	SPX
Max drawdown (400d)	-99.9%	-42.9%
Risk-adjusted return (90d)	-0.25	0.14

Relative strength over 90 days: SPX outperformed SHRUB by 99.8% — measured on the SHRUB/SPX ratio, so it holds regardless of market direction.

Shrub →SPX6900 →