BurnedFi vs MemeCore

MemeCore (M) is 110.2× the size of BurnedFi (BURN) by market capitalisation. Over the past 30 days, M is ahead by 14.5 percentage points (BURN -41.6% against M -27.1%). Their daily returns move closely together (correlation 0.70 across 38 shared trading days). BURN has been the more volatile of the two, at 159% annualised against M's 108%.

Correlation: 0.70
Size ratio: 1 : 110.2
Ahead over 30 days: M

BurnedFiBURN

$1.4400

24h: -6.26%
Market cap: $17.69M
Volume 24h: $39,456
Volatility (ann.): 159%

MemeCoreM

$0.850179

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

BURN 0.9%Share of the two combined market caps99.1% M

Performance

BURNM

7 days-22.34%-19.48%M
30 days-41.60%-27.12%M

Correlation

0.70over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7390d: 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	BURN	M
Max drawdown (400d)	-48.5%	-41.1%
Risk-adjusted return (90d)	-0.28	-0.23

Relative strength over 90 days: M outperformed BURN by 25.6% — measured on the BURN/M ratio, so it holds regardless of market direction.

BurnedFi →MemeCore →