Capybara Nation vs MemeCore

MemeCore (M) is 258.5× the size of Capybara Nation (BARA) by market capitalisation. Over the past 30 days, M is ahead by 3.5 percentage points (BARA -30.6% against M -27.1%). Their daily returns move barely together (correlation 0.26 across 32 shared trading days). Both have run at a similar volatility, around 109% annualised.

Correlation: 0.26
Size ratio: 1 : 258.5
Ahead over 30 days: M

Capybara NationBARA

$7.535e-8

24h: -0.70%
Market cap: $7.54M
Volume 24h: $724
Volatility (ann.): 110%

MemeCoreM

$0.849259

24h: +0.56%
Market cap: $1.95B
Volume 24h: $616,156
Volatility (ann.): 108%

BARA 0.4%Share of the two combined market caps99.6% M

Performance

BARAM

7 days-5.62%-19.48%BARA
30 days-30.59%-27.12%M

Correlation

0.26over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	BARA	M
Max drawdown (400d)	-31.0%	-41.1%
Risk-adjusted return (90d)	-0.28	-0.23

Relative strength over 90 days: M outperformed BARA by 12.8% — measured on the BARA/M ratio, so it holds regardless of market direction.

Capybara Nation →MemeCore →