Stargate Bridged Shell (Avalanche) vs SPX6900

Stargate Bridged Shell (Avalanche) (SHELL) and SPX6900 (SPX) compared side by side. Over the past 30 days, SPX is ahead by 13.0 percentage points (SHELL -37.3% against SPX -24.3%). Their daily returns move barely in opposite directions (correlation -0.05 across 21 shared trading days). SPX has been the more volatile of the two, at 113% annualised against SHELL's 59%.

Correlation: -0.05
Ahead over 30 days: SPX

Stargate Bridged Shell (Avalanche)SHELL

$0.000287

24h: -2.71%
Market cap: —
Volume 24h: $121
Volatility (ann.): 59%

SPX6900SPX

$0.387795

24h: +7.35%
Market cap: $361.03M
Volume 24h: $7.93M
Volatility (ann.): 113%

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

Performance

SHELLSPX

7 days-7.73%-3.77%SPX
30 days-37.34%-24.31%SPX

Correlation

-0.05over 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	SHELL	SPX
Max drawdown (400d)	-39.9%	-42.9%
Risk-adjusted return (90d)	-0.66	0.14

Relative strength over 90 days: SPX outperformed SHELL by 37.4% — measured on the SHELL/SPX ratio, so it holds regardless of market direction.

Stargate Bridged Shell (Avalanche) →SPX6900 →