Stargate Bridged Pearl (Avalanche) vs SPX6900

Stargate Bridged Pearl (Avalanche) (PEARL) and SPX6900 (SPX) compared side by side. Over the past 30 days, SPX is ahead by 6.9 percentage points (PEARL -31.2% against SPX -24.3%). Their daily returns move barely together (correlation 0.04 across 22 shared trading days). SPX has been the more volatile of the two, at 113% annualised against PEARL's 46%.

Correlation: 0.04
Ahead over 30 days: SPX

Stargate Bridged Pearl (Avalanche)PEARL

$0.003709

24h: -0.17%
Market cap: —
Volume 24h: $460
Volatility (ann.): 46%

SPX6900SPX

$0.379453

24h: +4.85%
Market cap: $353.34M
Volume 24h: $7.69M
Volatility (ann.): 113%

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

Performance

PEARLSPX

7 days-3.69%-3.77%PEARL
30 days-31.19%-24.31%SPX

Correlation

0.04over 22 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	PEARL	SPX
Max drawdown (400d)	-33.0%	-42.9%
Risk-adjusted return (90d)	-0.68	0.14

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

Stargate Bridged Pearl (Avalanche) →SPX6900 →