Bitcoin vs S&P 500
S&P 500 perpetual (xyz:SP500) on Hyperliquid, not the cash index. Weekday daily closes; history starts 2026-03-18.
BTC / SP500 ratio history
18 Mar 2026 – 16 Oct 2026 · log scale · CSVBTC ÷ SP500 perpetual
A rising ratio means Bitcoin outperformed the SP500 perpetual. This ratio is not a quantity of index shares.
Relative performance
First common weekday = 100BTC SP500 perpetual XYZ100 perpetual
Performance comparison
To 16 Oct 2026 · UTC| Period | Bitcoin | SP500 perp | XYZ100 perp |
|---|---|---|---|
| YTD | — | — | — |
| 3 months | +27.7% | +2.7% | +2.3% |
| Since start | +14.6% | +15.6% | +19.6% |
Bitcoin–SP500 rolling correlation
Pearson · daily log returns30-day 90-day
+1 means moving together, 0 unrelated, −1 opposite. Windows count weekday return observations, not calendar days; missing dates are omitted. No correlation is shown until a full window exists. Weekend perpetual prices are not cash-index prices. Not financial advice.
Bitcoin vs equities FAQ
What prices does this page compare?
S&P 500 perpetual (xyz:SP500) on Hyperliquid, not the cash index. XYZ100 is the Nasdaq-100 proxy perpetual (xyz:XYZ100) on Hyperliquid. BTC uses Binance spot BTCUSDT daily closes. These are exchange prices, not licensed cash-index quotes. History starts 2026-03-18; the chart starts on the first common weekday.
Why exclude weekends?
Returns are joined on UTC Monday–Friday dates only. Weekend perp prices are not cash-index prices. Weekday perpetual prices can also differ from cash markets, including on holidays. A Monday return spans the weekend on both sides; missing dates are omitted from all three series.
How are performance and correlation calculated?
All series rebase to 100 at the first common weekday. YTD requires a prior year-end observation; 3 months uses the last observation on or before 90 calendar days ago. A dash means insufficient history. Correlation compares BTC and SP500 daily log returns over 30 or 90 weekday observations, only after the full window exists. Correlation does not predict returns. Not financial advice.