Bitcoin Bull vs MemeCore

MemeCore (M) is 775.3× the size of Bitcoin Bull (BTCBULL) by market capitalisation. Over the past 30 days, M is ahead by 5.1 percentage points (BTCBULL -32.2% against M -27.1%). Their daily returns move loosely together (correlation 0.48 across 30 shared trading days). M has been the more volatile of the two, at 108% annualised against BTCBULL's 89%.

Correlation: 0.48
Size ratio: 1 : 775.3
Ahead over 30 days: M

Bitcoin BullBTCBULL

$0.000120

24h: +0.23%
Market cap: $2.52M
Volume 24h: $70
Volatility (ann.): 89%

MemeCoreM

$0.850179

24h: -0.28%
Market cap: $1.95B
Volume 24h: $1.79M
Volatility (ann.): 108%

BTCBULL 0.1%Share of the two combined market caps99.9% M

Performance

BTCBULLM

7 days-4.19%-19.48%BTCBULL
30 days-32.22%-27.12%M

Correlation

0.48over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	BTCBULL	M
Max drawdown (400d)	-39.7%	-41.1%
Risk-adjusted return (90d)	-0.41	-0.23

Relative strength over 90 days: M outperformed BTCBULL by 20.1% — measured on the BTCBULL/M ratio, so it holds regardless of market direction.

Bitcoin Bull →MemeCore →