MemeCore (M) is 86701.8× the size of Book of Baby Memes (BABYBOME) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 36 shared trading days). M has been the more volatile of the two, at 108% annualised against BABYBOME's 55%.
BABYBOMEM
0.37over 36 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 | BABYBOME | M |
|---|---|---|
| Max drawdown (400d) | -32.6% | -41.1% |
| Risk-adjusted return (90d) | 0.36 | -0.25 |
Relative strength over 90 days: BABYBOME outperformed M by 43.2% — measured on the BABYBOME/M ratio, so it holds regardless of market direction.