BOOK OF MEME (BOME) is 2643.1× the size of SLAV (SLAV) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 22 shared trading days). BOME has been the more volatile of the two, at 121% annualised against SLAV's 35%.
SLAVBOME
0.08over 22 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 | SLAV | BOME |
|---|---|---|
| Max drawdown (400d) | -10.6% | -79.5% |
| Risk-adjusted return (90d) | -0.18 | 0.06 |
| Best 30 days (past year) | — | +186.8% |
| Worst 30 days (past year) | — | -52.9% |
Relative strength over 90 days: SLAV outperformed BOME by 45.4% — measured on the SLAV/BOME ratio, so it holds regardless of market direction.