Toshi vs SPX6900

SPX6900 (SPX) is 8.0× the size of Toshi (TOSHI) by market capitalisation. Over the past 30 days, TOSHI is ahead by 14.5 percentage points (TOSHI -8.0% against SPX -22.5%). Their daily returns move loosely together (correlation 0.43 across 51 shared trading days). SPX has been the more volatile of the two, at 112% annualised against TOSHI's 82%.

Correlation: 0.43
Size ratio: 1 : 8.0
Ahead over 30 days: TOSHI

ToshiTOSHI

$0.000106

24h: +5.01%
Market cap: $44.47M
Volume 24h: $2.49M
Volatility (ann.): 82%

SPX6900SPX

$0.382563

24h: +8.21%
Market cap: $356.23M
Volume 24h: $8.14M
Volatility (ann.): 112%

TOSHI 11.1%Share of the two combined market caps88.9% SPX

Performance

TOSHISPX

7 days-4.43%-5.36%TOSHI
30 days-8.00%-22.50%TOSHI

Correlation

0.43over 51 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	TOSHI	SPX
Max drawdown (400d)	-24.2%	-42.9%
Risk-adjusted return (90d)	-0.08	0.16

Relative strength over 90 days: SPX outperformed TOSHI by 4.9% — measured on the TOSHI/SPX ratio, so it holds regardless of market direction.

Toshi →SPX6900 →