Trading Pairs

Ratio charts: price of A divided by price of B. Rising line = A is outperforming B; falling = B is winning, whether the market overall is up or down. Tap a card to open its full chart.

How to read a ratio chart
  • Rising line = A is outperforming B. Falling = B is outperforming A. Both can be falling in dollars while the ratio rises.
  • The ratio's level has no meaning on its own; its direction and trend do. Breakouts and breakdowns in the ratio often lead rotations.
  • 1W / 1M / 3M are the ratio's % change.
  • Status tag: ratio above both its 20- and 50-day EMA = "A leading"; below both = "B leading"; in between = "Mixed".
  • z-score: how many standard deviations the ratio sits from its 20-day average. At ±2 or beyond it's flagged stretched: an unusually large move that often cools off, not a signal by itself.
  • On the big charts: the two moving lines labelled EMA 20 and EMA 50 show the short and medium trend; the shaded Bollinger Bands (20, 2) mark ±2 standard deviations; the lower pane is RSI(14), where above 70 / below 30 means A has run unusually hard / weak vs B. Volume is hidden because a ratio has no real volume.
  • Figures use daily closes from Yahoo Finance, matched by date, refreshed hourly. A "—" means the data wasn't available; nothing is estimated.

Tesla / SpaceX

TSLA/SPCX

TSLA leadingz +2.3 · stretched

Which Musk company the market is paying up for: Tesla or SpaceX. Rising = TSLA outperforming SPCX.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
2.968
1W
+17.6%
1M
+26.2%
3M
+3.3%

Bitcoin proxies

MSTR/BTC

BTC leadingz −1.5

Strategy's premium vs. the bitcoin it holds. Rising = the stock is beating BTC itself. Rising = MSTR outperforming BTC.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.00169
1W
−6.1%
1M
−7.7%
3M
+13.8%

COIN/BTC

BTC leadingz −2.6 · stretched

The exchange business vs. the coin. Rising = Coinbase is outrunning bitcoin. Rising = COIN outperforming BTC.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.00186
1W
−8.3%
1M
−16.7%
3M
−20.1%

HOOD/COIN

Mixedz +0.2

Retail-broker crypto exposure vs. the pure crypto exchange. Rising = HOOD outperforming COIN.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.592
1W
+2.4%
1M
−1.9%
3M
+0.0%

Semis

NVDA/AMD

NVDA leadingz +1.0

The AI-GPU leader vs. its main challenger. Rising = NVDA outperforming AMD.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.405
1W
−0.7%
1M
+8.6%
3M
−3.8%

MU/NVDA

Mixedz +0.2

Memory vs. compute. Rising = money rotating into memory (HBM) over GPUs. Rising = MU outperforming NVDA.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
4.323
1W
+3.9%
1M
−7.3%
3M
+5.5%

MRVL/AVGO

AVGO leadingz −2.8 · stretched

The two custom-AI-chip and networking names, head to head. Rising = MRVL outperforming AVGO.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.602
1W
−15.2%
1M
−19.9%
3M
+25.0%

MRVL/ALAB

ALAB leadingz −1.2

Marvell versus Astera Labs, two AI data-center connectivity plays (custom silicon/optics vs PCIe/CXL retimers and switches). Rising = MRVL outperforming ALAB.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.759
1W
−14.6%
1M
+2.3%
3M
+26.0%

SMH/QQQ

QQQ leadingz −0.9

Are semiconductors leading or lagging the broader Nasdaq-100? Rising = SMH outperforming QQQ.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.757
1W
+1.1%
1M
−8.1%
3M
−3.7%

Crypto vs BTC

ETH/BTC

BTC leadingz −0.8

The classic altcoin-season gauge. Rising = ether outperforming bitcoin. Rising = ETH outperforming BTC.

Last 3 months of the ratio · daily closes to 2026-11-02

Ratio
0.0291
1W
+0.3%
1M
−8.2%
3M
−0.6%

SOL/BTC

BTC leadingz −2.8 · stretched

Solana's strength measured in bitcoin rather than dollars. Rising = SOL outperforming BTC.

Last 3 months of the ratio · daily closes to 2026-11-02

Ratio
0.00121
1W
−4.3%
1M
−14.6%
3M
+4.1%

ZEC/BTC

ZEC leadingz +0.8

Zcash (privacy coin) vs. bitcoin. Rising = ZEC outperforming BTC.

Last 3 months of the ratio · daily closes to 2026-11-02

Ratio
0.0157
1W
+2.2%
1M
+2.3%
3M
+106.7%

HYPE/BTC

HYPE leadingz +1.7

Hyperliquid vs. bitcoin. Rising = HYPE outperforming BTC.

Last 3 months of the ratio · daily closes to 2026-11-02

Ratio
0.00113
1W
+15.4%
1M
+6.9%
3M
+32.6%

Market regime

QQQ/SPY

SPY leadingz −1.7

Growth/tech vs. the whole S&P 500. Rising = risk-on, tech-led market. Rising = QQQ outperforming SPY.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.914
1W
−1.4%
1M
−5.8%
3M
−0.8%

IWM/SPY

IWM leadingz +2.0 · stretched

Small caps vs. large caps. Rising = broadening rally. Rising = IWM outperforming SPY.

Last 3 months of the ratio · daily closes to 2026-10-30

Ratio
0.370
1W
+1.9%
1M
+1.4%
3M
−5.2%

Stats updated Nov 1, 7:48 PM ET. Charts by TradingView, loaded only when you open one. Research only, not investment advice.