MemeCore (M) is 106240.4× the size of Adillo (ADILLO) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 33 shared trading days). ADILLO has been the more volatile of the two, at 156% annualised against M's 107%.
ADILLOM
0.53over 33 shared trading days
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.
| Metric | ADILLO | M |
|---|---|---|
| Max drawdown (400d) | -52.5% | -41.1% |
| Risk-adjusted return (90d) | -0.19 | -0.27 |
Relative strength over 90 days: ADILLO outperformed M by 1.3% — measured on the ADILLO/M ratio, so it holds regardless of market direction.