MemeCore (M) is 7554.7× the size of ChubbyAkita (CAKITA) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 24 shared trading days). CAKITA has been the more volatile of the two, at 132% annualised against M's 108%.
CAKITAM
0.37over 24 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 | CAKITA | M |
|---|---|---|
| Max drawdown (400d) | -61.2% | -41.1% |
| Risk-adjusted return (90d) | 0.07 | -0.25 |
Relative strength over 90 days: CAKITA outperformed M by 62.4% — measured on the CAKITA/M ratio, so it holds regardless of market direction.