MemeCore (M) is 15089.0× the size of Chad Coin (CHAD) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 20 shared trading days). CHAD has been the more volatile of the two, at 220% annualised against M's 108%.
CHADM
0.45over 20 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 | CHAD | M |
|---|---|---|
| Max drawdown (400d) | -69.6% | -41.1% |
| Risk-adjusted return (90d) | 0.07 | -0.25 |
Relative strength over 90 days: CHAD outperformed M by 52.7% — measured on the CHAD/M ratio, so it holds regardless of market direction.