MemeCore (M) is 104809.5× the size of BITCOIN Act (BTCACT) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 28 shared trading days). BTCACT has been the more volatile of the two, at 133% annualised against M's 107%.
BTCACTM
0.39over 28 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 | BTCACT | M |
|---|---|---|
| Max drawdown (400d) | -73.2% | -41.1% |
| Risk-adjusted return (90d) | -0.10 | -0.27 |
Relative strength over 90 days: BTCACT outperformed M by 36.2% — measured on the BTCACT/M ratio, so it holds regardless of market direction.