Bonk (BONK) is 5.8× the size of BOOK OF MEME (BOME) by market capitalisation. Over the past 1 year, BOME is ahead by 51.5 percentage points (BOME -25.5% against BONK -77.0%). Their daily returns move closely together (correlation 0.72 across 399 shared trading days). BOME has been the more volatile of the two, at 121% annualised against BONK's 100%.
BOMEBONK
0.72over 399 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 | BOME | BONK |
|---|---|---|
| Max drawdown (400d) | -79.5% | -89.7% |
| Risk-adjusted return (90d) | 0.02 | 0.14 |
| Best 30 days (past year) | +186.8% | +37.0% |
| Worst 30 days (past year) | -52.9% | -51.0% |
Relative strength over 90 days: BONK outperformed BOME by 8.9% — measured on the BOME/BONK ratio, so it holds regardless of market direction.