Unstable Coin vs SPX6900

SPX6900 (SPX) is 172.5× the size of Unstable Coin (USDUC) by market capitalisation. Over the past 30 days, SPX is ahead by 21.3 percentage points (USDUC -45.6% against SPX -24.3%). Their daily returns move barely together (correlation 0.22 across 22 shared trading days). USDUC has been the more volatile of the two, at 185% annualised against SPX's 113%.

Correlation: 0.22
Size ratio: 1 : 172.5
Ahead over 30 days: SPX

Unstable CoinUSDUC

$0.002001

24h: -0.68%
Market cap: $2.00M
Volume 24h: $44,424
Volatility (ann.): 185%

SPX6900SPX

$0.370789

24h: +3.77%
Market cap: $345.12M
Volume 24h: $8.15M
Volatility (ann.): 113%

USDUC 0.6%Share of the two combined market caps99.4% SPX

Performance

USDUCSPX

7 days-26.74%-3.77%SPX
30 days-45.56%-24.31%SPX

Correlation

0.22over 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	USDUC	SPX
Max drawdown (400d)	-52.5%	-42.9%
Risk-adjusted return (90d)	-0.28	0.14

Relative strength over 90 days: SPX outperformed USDUC by 28.0% — measured on the USDUC/SPX ratio, so it holds regardless of market direction.

Unstable Coin →SPX6900 →