SPX6900 vs Cash Cat

SPX6900 (SPX) is 3.4× the size of Cash Cat (CASHCAT) by market capitalisation. Over the past 30 days, SPX is ahead by 14.2 percentage points (SPX -22.5% against CASHCAT -36.7%). Their daily returns move barely together (correlation 0.28 across 57 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against SPX's 112%.

Correlation: 0.28
Size ratio: 3.4×
Ahead over 30 days: SPX

SPX6900SPX

$0.361250

24h: -4.38%
Market cap: $336.32M
Volume 24h: $7.57M
Volatility (ann.): 112%

Cash CatCASHCAT

$0.100548

24h: -8.96%
Market cap: $99.31M
Volume 24h: $9.91M
Volatility (ann.): 261%

SPX 77.2%Share of the two combined market caps22.8% CASHCAT

Performance

SPXCASHCAT

7 days-5.36%+3.53%CASHCAT
30 days-22.50%-36.68%SPX

Correlation

0.28over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	SPX	CASHCAT
Max drawdown (400d)	-42.9%	-69.6%
Risk-adjusted return (90d)	0.16	-0.03

Relative strength over 90 days: SPX outperformed CASHCAT by 30.6% — measured on the SPX/CASHCAT ratio, so it holds regardless of market direction.

SPX6900 →Cash Cat →