MemeCore (M) is 101722.1× the size of Baby Ethereum (BABYETH) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 31 shared trading days). BABYETH has been the more volatile of the two, at 194% annualised against M's 107%.
BABYETHM
-0.08over 31 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 | BABYETH | M |
|---|---|---|
| Max drawdown (400d) | -69.8% | -41.1% |
| Risk-adjusted return (90d) | 0.03 | -0.27 |
Relative strength over 90 days: BABYETH outperformed M by 85.8% — measured on the BABYETH/M ratio, so it holds regardless of market direction.