MemeCore (M) is 109057.5× the size of BOMO on Base (BOMO) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 25 shared trading days). BOMO has been the more volatile of the two, at 137% annualised against M's 108%.
BOMOM
0.09over 25 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 | BOMO | M |
|---|---|---|
| Max drawdown (400d) | -79.1% | -41.1% |
| Risk-adjusted return (90d) | -0.12 | -0.25 |
Relative strength over 90 days: BOMO outperformed M by 31.1% — measured on the BOMO/M ratio, so it holds regardless of market direction.