Solana Stock Index vs SPX6900

SPX6900 (SPX) is 35617.0× the size of Solana Stock Index (SSX) by market capitalisation. Over the past 30 days, SSX is ahead by 3.6 percentage points (SSX -18.9% against SPX -22.5%). Their daily returns move barely together (correlation 0.22 across 23 shared trading days). SPX has been the more volatile of the two, at 112% annualised against SSX's 47%.

Correlation: 0.22
Size ratio: 1 : 35617.0
Ahead over 30 days: SSX

Solana Stock IndexSSX

$9.850e-6

24h: —
Market cap: $9,668
Volume 24h: —
Volatility (ann.): 47%

SPX6900SPX

$0.369881

24h: -0.14%
Market cap: $344.35M
Volume 24h: $7.70M
Volatility (ann.): 112%

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

Performance

SSXSPX

7 days-5.36%-5.36%SPX
30 days-18.91%-22.50%SSX

Correlation

0.22over 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	SSX	SPX
Max drawdown (400d)	-23.6%	-42.9%
Risk-adjusted return (90d)	-0.38	0.16

Relative strength over 90 days: SPX outperformed SSX by 17.3% — measured on the SSX/SPX ratio, so it holds regardless of market direction.

Solana Stock Index →SPX6900 →