SPX6900 vs Non-Playable Coin

SPX6900 (SPX) is 2.5× the size of Non-Playable Coin (NPC) by market capitalisation. Over the past 30 days, NPC is ahead by 6.7 percentage points (SPX -22.5% against NPC -15.8%). Their daily returns move loosely together (correlation 0.55 across 57 shared trading days). NPC has been the more volatile of the two, at 162% annualised against SPX's 112%.

Correlation: 0.55
Size ratio: 2.5×
Ahead over 30 days: NPC

SPX6900SPX

$0.361250

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

Non-Playable CoinNPC

$0.016568

24h: -1.68%
Market cap: $133.37M
Volume 24h: $2.24M
Volatility (ann.): 162%

SPX 71.6%Share of the two combined market caps28.4% NPC

Performance

SPXNPC

7 days-5.36%+3.65%NPC
30 days-22.50%-15.77%NPC

Correlation

0.55over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	NPC
Max drawdown (400d)	-42.9%	-34.4%
Risk-adjusted return (90d)	0.16	1.52

Relative strength over 90 days: NPC outperformed SPX by 65.2% — measured on the SPX/NPC ratio, so it holds regardless of market direction.

SPX6900 →Non-Playable Coin →