Book of Ethereum vs MemeCore

MemeCore (M) is 550.3× the size of Book of Ethereum (BOOE) by market capitalisation. Over the past 30 days, BOOE is ahead by 43.2 percentage points (BOOE +16.1% against M -27.1%). Their daily returns move barely together (correlation 0.14 across 30 shared trading days). Both have run at a similar volatility, around 112% annualised.

Correlation: 0.14
Size ratio: 1 : 550.3
Ahead over 30 days: BOOE

Book of EthereumBOOE

$0.035377

24h: -2.33%
Market cap: $3.54M
Volume 24h: $13,581
Volatility (ann.): 116%

MemeCoreM

$0.848694

24h: -1.15%
Market cap: $1.95B
Volume 24h: $1.66M
Volatility (ann.): 108%

BOOE 0.2%Share of the two combined market caps99.8% M

Performance

BOOEM

7 days-5.06%-19.48%BOOE
30 days+16.09%-27.12%BOOE

Correlation

0.14over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	BOOE	M
Max drawdown (400d)	-29.1%	-41.1%
Risk-adjusted return (90d)	-0.10	-0.23

Relative strength over 90 days: BOOE outperformed M by 12.2% — measured on the BOOE/M ratio, so it holds regardless of market direction.

Book of Ethereum →MemeCore →