According to [https://www.investopedia.com/are-micro-e-mini-futures-the-next-big-thing-4690833#toc-what-are-micro-e-mini-futures](https://www.investopedia.com/are-micro-e-mini-futures-the-next-big-thing-4690833#toc-what-are-micro-e-mini-futures), "As noted above, the S&P 500 E-minis are priced at $50 times the value of the index when the contract expires. Since the Micro E-mini is 1/10 that value, it's priced at just $5 times the value. So if the S&P 500 index is 2,950, the Micro E-mini value is $14,750. That's compared to the E-mini which would be priced at $147,500".
Well MES Jun20'25 is priced at $**5,325.75** right now, and the S&P index is 5,282.70. That seems more like a 1:1 ratio instead of 5:1.
Or am I understanding something wrong?
