The Inverse SPY: YPS ETF is Outperforming YTDAs the title says, the YPS inverse weighted SP500 ETF is currently higher on the year than than the SPY. Something to take note of moving forward to understand where money is flowing.
Another way to study the relationship is ty type " SPY/YPS " into your ticker bar. Ratios tell a lot and respect trend lines and support/resistance just like any other security.
I hope your holidays are filled with love and joy!